Central Bank Instruction No. 712 of February 27, 2026

Resolution No. 222

INSTRUCTION NORMATIVE BCB NO. 712, OF FEBRUARY 27, 2026

Amends Instruction Normative No. 330, of November 24, 2022, which consolidates the procedures for the registration of corporate information in the System of Information on Entities of Interest to the Central Bank – Unicad, as governed by BCB Resolution No. 209, of March 22, 2022.

The Head of the Financial System Monitoring Department – Desig, in the exercise of the authority conferred by Article 23, item I, letter “a”, of the Internal Regulations of the Central Bank of Brazil, published through BCB Resolution No. 340, of September 21, 2023, based on Article 85, item I, letter “b”, of said Regulations, considering the provisions set forth in BCB Resolutions No. 209, of March 22, 2022, and No. 520, of November 10, 2025,

R E S O L V E S:

Art. 1º The Instruction Normative BCB No. 330, of November 24, 2022, published in the Official Gazette of the Union, on November 25, 2022, in Section 1, p. 223, shall enter into force with the following alterations:

“Section X On communication regarding the provision of virtual asset services

Art. 10-E. The following information must be registered in Unicad, in the “Operations” module, under the “Inclusion” option:

I - regarding providers of virtual asset services, for the purpose of compliance with the provisions of Articles 21, 22, and 23, § 3º, of BCB Resolution No. 520, of 2025:

a) the date of formal communication to the Central Bank of Brazil of the institution or entity’s interest in providing virtual asset services;

b) the modality(ies) that the communicating institution intends to perform:

1. virtual asset intermediation; and

2. virtual asset custody; and

c) the complete identification of the institution or entity, containing:

1. the registration number in the National Registry of Legal Entities – CNPJ; and

2. the name, corporate name, and CNPJ of the qualified independent company that prepared the technical certification referred to in Article 2, item II, of Instruction Normative BCB No. 701, of January 22, 2026; and

II - regarding the custodian of virtual assets, for the purpose of compliance with the provisions of Article 82, § 5º, of BCB Resolution No. 520, of 2025: the start date of the offer of staking operations. ” (NR)

Art. 2º The sole paragraph of Article 4 of Instruction Normative BCB No. 330, of 2022, is hereby revoked.

Art. 3º This Instruction Normative shall enter into force:

I - on March 9, 2026, with respect to the inclusion of Article 10-E; and

II - on the date of its publication, with respect to the other alterations.

ANDRÉ MAURÍCIO TRINDADE DA ROCHA

NOTE

The System of Information on Entities of Interest to the Central Bank – Unicad, as governed by BCB Resolution No. 209, of March 22, 2022, was established with the objective of maintaining, in a single database, corporate information on financial institutions, other institutions authorized to operate, and natural and legal persons subject to some type of authorization or registration by the Central Bank of Brazil – BCB, or that are of interest to this Autarchy. Instruction Normative BCB No. 330, of November 24, 2022, establishes the procedures for the registration and updating of respective information in Unicad.

2. BCB Resolution No. 520, of November 10, 2025, established that institutions authorized to operate by the BCB, referred to in Article 20, must formally communicate to the Central Bank of Brazil

regarding the performance of activities in the virtual asset market, in the following situations:

I - when the institution does not operate in said market until the date of entry into force of BCB Resolution No. 520, of 2025, and has interest in providing virtual asset intermediation and custody services;

II - when the institution operates in the virtual asset market until the date of entry into force of BCB Resolution No. 520, of 2025; and

III - when the institution operates in the virtual asset market until the date of entry into force of BCB Resolution No. 520, of 2025, and succeeds, in its operations and clients, an entity constituted abroad operating in said market, active until the date of entry into force of the aforementioned Resolution.

3. BCB Resolution No. 520, of 2025, also established the obligation to communicate, with a minimum advance notice of ninety days, the offer, by the virtual asset custodian, of staking operations.

4. In light of this, it is necessary to amend Instruction Normative BCB No. 330, of 2022, to establish the registration procedures, in the System of Information on Entities of Interest to the Central Bank – Unicad, of the communication regarding the provision of virtual asset services.

5. In this regard, it was identified that the caput of Article 4 of Instruction Normative BCB No. 330, of 2022, already generally covers the indications of the responsible director provided for in specific regulatory provisions. Thus, the sole paragraph of the cited article appears unnecessary and potentially generates asymmetry, by requiring successive updates for the inclusion of new regulatory references. Considering that BCB Resolution No. 105, of 2021, already contains an express reference to registration in Unicad, it is understood that the sole paragraph of Article 4 is redundant and may be revoked.

6. Decree No. 10.411, of June 30, 2020, regulates the conduct of regulatory impact analysis – AIR as a prerequisite for the issuance of normative acts of general interest to economic agents. However, in its Article 4, the aforementioned Decree establishes the hypotheses for exemption from conducting an AIR. The present Instruction Normative falls under the hypotheses provided for in items II, IV, and V, letter b, namely: II - normative act intended to discipline rights or obligations defined in a hierarchically superior norm that does not allow, technically or legally, different regulatory alternatives; IV - normative act intended to update or revoke norms considered obsolete, without alteration of merit; and V - normative act intended to preserve liquidity, solvency, or integrity: b) of the financial, capital, and foreign exchange markets.

7. With the publication of the Resolution cited in paragraphs 2 and 3, there was no alternative but to amend Instruction Normative No. 330, of 2022, which establishes the procedures for the registration, in Unicad, of corporate information of financial institutions and other institutions authorized to operate by the BCB, in order to include the procedures for the registration of communication regarding the provision of virtual asset services, which justifies the classification of this normative act under the hypothesis provided for in item II of Article 4 of Decree No. 10.411, of 2020. Furthermore, such communication aims to allow the BCB to monitor and supervise institutions operating in the virtual asset market, contributing to the preservation of the integrity of the financial system, which justifies the classification under item V, letter “b”, of the aforementioned Decree. The revocation of the sole paragraph of Article 4 occurs due to its redundancy, without alteration of merit, which justifies the classification under item IV of the aforementioned Decree.

8. Thus, based on the provisions of paragraphs 6 and 7, I understand that the issuance of the present Instruction Normative is exempt from the conduct of regulatory impact analysis.

ANDRÉ MAURÍCIO TRINDADE DA ROCHA Head of the Department of

Monitoring of the

Financial

System