TL;DR
- Brazil’s Central Bank formalizes new crypto asset service regulations.
- The framework establishes a clear licensing process for companies.
- Rules target financial crime and enhance operational transparency.
The Central Bank of Brazil has formalized a comprehensive set of regulations to oversee virtual asset service providers. This regulatory framework establishes defined legal parameters for businesses operating with crypto assets. The action concludes a development process that involved over twelve months of sector discussions.
The institution gathered and analyzed feedback from crypto firms, traditional banks, legal offices, and individual citizens. The resulting system aims to create a foundation for clearer and more secure market operations.
Company Classification and Operational Requirements
The new provisions specify requirements for conducting crypto asset activities in Brazil. Only registered financial institutions and companies specifically established for this purpose may apply for an operating authorization. The Central Bank will act as the supervisory body.
The regulation groups service providers into three defined types: intermediaries, custodians, and brokers. Each category must implement mandatory client protection protocols and corporate governance mechanisms. The rules also enforce specific standards for cybersecurity and money laundering controls.
The regulation treats certain crypto asset operations similarly to foreign exchange transactions. This decision affects international payments, transfers between wallets, and overseas purchases. Companies become obligated to verify the identity of digital wallet owners. They must also maintain detailed records covering fund movements.
Transfers involving unauthorized entities face a cap of 100,000 dollars per transaction
The measure aims to curb the advancement of financial crimes. Central Bank authorities cited the growing use of stablecoins for regular payments. This phenomenon creates opportunities for illicit activities. The rules also govern the use of crypto assets in foreign investments and loans.
Brazil’s crypto asset transaction volume continues to expand. Data from Chainalysis indicates a movement of 318.8 billion dollars between July 2024 and June 2025. This figure represents one-third of the total regional activity in Latin America.
The local market doubled in value compared to the previous period. Stablecoins account for over 90% of the nation’s crypto asset transactions. These numbers confirm Brazil’s leading position in regional digital asset adoption.
