INSTRUCTION NORMATIVE BCB NO. 713, OF FEBRUARY 27, 2026

Establishes the procedures for submitting to the Central Bank of Brazil information regarding the provision of virtual asset services, as set forth in Article 88, paragraph III, items “b”, “c”, “d” and “e” of Resolution BCB No. 520 of November 10, 2025.

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

Article 1. This Instruction Normative establishes the procedures for submitting to the Central Bank of Brazil information regarding the provision of virtual asset services, as set forth in Article 88, paragraph III, items “b”, “c”, “d” and “e” of Resolution BCB No. 520 of November 10, 2025.

Sole Paragraph. The provisions of this Instruction Normative apply to virtual asset service providers that, on the effective date of Resolution BCB No. 520 of 2025, were carrying out one or more of the activities indicated in Article 7, main text and paragraphs, and Article 9, main text and paragraphs of said Resolution.

Article 2. The information referred to in Article 1 must be submitted through the following documents, in accordance with the Annex to this Instruction Normative:

I - document code 5710 - Proof of reserves and staking operations; and

II - document code 5711 - Provision of virtual asset custody services.

Sole Paragraph. The layout, filling instructions, and other necessary information for preparing and submitting the documents indicated in this article are available on the Central Bank of Brazil website at https://www.bcb.gov.br/estabilidadefinanceira/leiautedocumentoscrd.

Article 3. The document with code 5710, referred to in Article 2, item I, must be calculated monthly on the last day of each month at 11:59 PM Brasília time, and must be submitted within 5 (five) business days after the reference date.

Sole Paragraph. The document referred to in the main text of this article must contain, as provided in Article 88, paragraph III, items “d” and “e” of Resolution BCB No. 520 of 2025:

I - verifiable statements, in the form of proof of reserves of held virtual assets, broken down by virtual asset, regarding the quantities and financial values of these virtual assets held in custody for its clients or users; and

II - verifiable statements containing the total virtual assets of clients or users that are designated for staking operations, if the institution conducts such operations.

Article 4. The document with code 5711, referred to in Article 2, item II, must be calculated daily at 11:59 PM Brasília time, and must be submitted within 3 (three) business days after the reference date.

Sole Paragraph. The document referred to in the main text of this article must contain, as provided in Article 88, paragraph III, items “b” and “c” of Resolution BCB No. 520 of 2025:

I - information and data regarding the provision of virtual asset custody services, equivalent to the total virtual assets held in custody, on its own account or on behalf of third parties, in the country or abroad, reported by quantities and respective financial values;

II - total quantities and aggregated values held in custody for each client or user; and

III - information and data regarding the accounting balances maintained by the institution on behalf of its clients and users, comprising the following accounting items:

a) 1.8.4.45.00.00-2 – VIRTUAL ASSET OPERATIONS;

b) 1.8.4.45.10.00-9 - Own Operations;

c) 1.8.4.45.15.00-4 - Client Operations;

d) 1.8.4.45.20.00-6 - Financial Institution Operations;

e) 1.9.8.90.45.00-6 - Virtual Assets;

f) 3.0.4.45.00.00-6 – VIRTUAL ASSET CUSTODY;

g) 3.0.4.46.00.00-9 - VIRTUAL ASSETS LINKED TO STAKING OPERATIONS;

h) 3.0.4.46.10.00-6 - Own Virtual Assets;

i) 3.0.4.46.15.00-1 - Client Virtual Assets;

j) 3.0.4.46.20.00-3 - Financial Institution Virtual Assets;

k) 3.0.4.47.00.00-2 - VIRTUAL ASSETS - CATEGORY CLASSIFICATION;

l) 3.0.4.47.10.00-9 - Virtual Assets;

m) 3.0.4.47.20.00-6 – Stablecoins;

n) 3.0.4.60.20.00-3 - Virtual Assets;

Article 5. As provided in Article 88, paragraph III, main text of Resolution BCB No. 520 of 2025, the information referred to in this Instruction Normative must be submitted from the date the application for authorization to operate in Brazil is filed by the virtual asset service provider, until the conclusion of phase 1 of the authorization process.

Article 6. After filing the authorization application referred to in Article 5 of this Instruction Normative, the virtual asset service provider must:

I - complete the necessary registration to enable the submission of the Documents referred to in this Instruction Normative, including identifying the virtual asset service provider itself and, when applicable, third-party or subcontracted entities, in Brazil or abroad, effectively responsible for the custody of virtual assets, even indirectly;

II - designate the director or administrator responsible for the information referred to in this Instruction Normative, as provided in Article 14 of Resolution BCB No. 520 of 2025; and

III - designate an employee qualified to respond to any inquiries regarding the submission of the Documents referred to in this Instruction Normative.

Sole Paragraph. The registration referred to in item I and the designations referred to in items II and III of the main text of this article must be completed and kept updated in the Information System on Entities of Interest to the Central Bank – Unicad, governed by Resolution BCB No. 209 of March 22, 2022.

Article 7. This Instruction Normative enters into force on the date of its publication.

ANDRÉ MAURÍCIO TRINDADE DA ROCHA

ANNEX to INSTRUCTION NORMATIVE BCB NO. 713, OF FEBRUARY 27, 2026

Codes and names of the Documents:

• document code 5710 - Proof of reserves and staking operations;
• document code 5711 - Provision of virtual asset custody services.

Reference date:

• 5710 - last day of each month at 11:59 PM Brasília time;
• 5711 - daily at 11:59 PM Brasília time.

Submission Periodicity:

• 5710: monthly, within 5 (five) business days after the reference date;
• 5711: daily, within 3 (three) business days after the reference date.

Responsible Unit for Curation:

• Financial System Monitoring Department – Desig;

Submission Method: Electronic means.

Submission System: File Transfer System – STA, available on the Central Bank of Brazil website at https://sta.bcb.gov.br/sta/.

Submission Format: XML (eXtensible Markup Language).

Submission Validation: Anticipated.

Validation Schema: XSD (XML Schema Definition).

Additional Elements for Submission: layout, in XML format, and filling instructions, available on the Central Bank of Brazil website at https://www.bcb.gov.br/estabilidadefinanceira/leiautedocumentoscrd.

Responsible Director for Submission: Dir/Adm resp. condução das atividades e negócios-ResBCB520.

Director Registration: In the “Links – Inclusion – Responsible Director by Area of Activity” module of Unicad.

Designated Employee to Respond to Inquiries: Responsible for the information – Provision of Virtual Asset Services.

Designated Employee Registration: In the “Links – Inclusion – Internal Audit / Ombudsman / Resp. for Info Submission” module of Unicad.

Electronic Address for Filling Inquiries: ativosvirtuais@bcb.gov.br

NOTE

2. Resolution BCB No. 520 of November 10, 2025, governs the establishment and operation of virtual asset service providers (VASPs) and the provision of virtual asset services by other institutions authorized to operate by the Central Bank of Brazil.

3. In its Article 88, Resolution BCB No. 520 of 2025 establishes that VASPs that, on the effective date of its entry into force, were carrying out one or more of the activities indicated in Article 7, main text and paragraphs, and Article 9, main text and paragraphs, must apply for authorization to operate in Brazil within a maximum period of 270 (two hundred and seventy) days counted from the effective date of said Resolution, in accordance with the regulation governing the authorization processes for virtual asset service providers.

4. From the filing of the authorization application until the conclusion of phase 1 of the authorization process, the virtual asset service provider must submit to the Central Bank of Brazil – BCB, among other information:

I - information and data regarding the accounting balances maintained by the institution on behalf of its clients and users;

II - information and data regarding the provision of virtual asset custody services, equivalent to the total virtual assets held in custody, on its own account or on behalf of third parties, in the country or abroad, reported by quantities and respective financial values, as well as total quantities and aggregated values held in custody for each client or user;

III - verifiable statements, in the form of proof of reserves of held virtual assets, broken down by virtual asset, regarding the quantities and financial values of these virtual assets held in custody for its clients or users; and

IV - verifiable statements containing the total virtual assets of clients or users that are designated for staking operations, if the institution conducts such operations.

5. This Instruction Normative aims to establish the procedures for submitting the information referred to in Article 88, paragraph III, items “b”, “c”, “d” and “e” of Resolution BCB No. 520 of November 10, 2025.

6. The information in items I and II of paragraph 3 must be submitted daily through document code 5711 - Provision of virtual asset custody services, while the information in items III and IV of paragraph 3 must be submitted monthly through document code 5710 - Proof of reserves and staking operations.

7. Decree No. 10.411 of June 30, 2020, regulates the conduct of regulatory impact analysis (AIR) as a prerequisite for issuing normative acts of general interest to economic agents. However, in its Article 4, said decree establishes exemptions for conducting AIR. This Instruction Normative falls under the exemptions provided in items II - normative act intended to regulate rights or obligations defined in a hierarchically superior norm that does not technically or legally allow different regulatory alternatives, and V - normative act intended to preserve liquidity, solvency, or soundness: (...) b) of financial markets.

8. Based on the foregoing in paragraphs 3 to 5, it is concluded that this instruction normativity merely clarifies the procedure for executing an obligation contained in Resolution BCB No. 520 of 2025, without therefore causing a significant increase in costs for economic agents, budgetary or financial expenses, nor substantially impacting the public policy executed, aiming to preserve the soundness of the National Financial System, thus falling under the exemptions provided in items II and V of Article 4 of said decree.

ANDRÉ MAURÍCIO TRINDADE DA ROCHA

Head of the Financial System Monitoring Department