Regulatory Alerts2026-07-01 | Resolução BCB 580Added · Updated
BCB Resolution No. 580 — Classifies Virtual Asset Service Providers as Type 3 and Prohibits Virtual Asset Services for Segment 5
The Central Bank of Brazil issued Resolution No. 580 to classify virtual asset service providers and their leading prudential conglomerates as Type 3 institutions. The regulation prohibits these entities from opting for classification in Segment 5 (S5) and mandates their compliance with a comprehensive list of prudential regulations starting January 1, 2027. Additionally, it requires these entities to be classified in Segment 4 (S4) by June 30, 2028, regardless of their size, while existing Segment 5 institutions offering such services must cease this activity by the same 2027 deadline.