BCB Resolution No. 580 — Classifies Virtual Asset Service Providers as Type 3 and Prohibits Virtual Asset Services for Segment 5

The Collegiate Board of the Central Bank of Brazil, in a session held on July 1, 2026, based on Articles 9, caput, item II, and 15 of Law No. 12,865 of October 9, 2013, 9-A of Law No. 4,728 of July 14, 1965, 4, 6, and 9 of Law No. 14,478 of December 21, 2022, and 1 and 2 of Decree No. 11,563 of June 13, 2023, and considering the provisions of Resolution No. 4,282 of November 4, 2013, and CMN Resolution No. 5,105 of September 28, 2023,

RESOLVES:

Art. 1 This Resolution amends BCB Resolutions No. 436 of November 28, 2024, and No. 201 of March 11, 2022, with the aim of classifying, as Type 3, companies providing virtual asset services and prudential conglomerates led by such companies, and prohibiting the provision of virtual asset services for the purpose of opting for classification in Segment 5 – S5, as well as establishing a date for the application of the prudential regulation specified.

CHAPTER I

CLASSIFICATION AS TYPE 3 AND PROHIBITION FOR PURPOSES OF OPTING FOR CLASSIFICATION IN SEGMENT 5 – S5

Art. 2 The summary of BCB Resolution No. 436 of November 28, 2024, published in the Official Gazette of the Union on December 2, 2024, shall be in effect with the following alterations:

“Classifies as Type 1, Type 2, or Type 3 single financial institutions and other single institutions authorized to operate by the Central Bank of Brazil, as well as prudential conglomerates led by these institutions, and establishes the segmentation of institutions and conglomerates classified as Type 3.” (NR)

Art. 3 BCB Resolution No. 436 of November 28, 2024, published in the Official Gazette of the Union on December 2, 2024, shall be in effect with the following alterations:

“Art. 1 This Resolution classifies as Type 1, Type 2, or Type 3 single financial institutions and other single institutions authorized to operate by the Central Bank of Brazil, as well as prudential conglomerates led by these institutions, and establishes the segmentation of institutions and conglomerates classified as Type 3 for the purpose of proportional application of prudential regulation.

......................................................” (NR)

“Art. 2 ..................................................

I - ........................................................

a) single financial institution or other single institution authorized to operate by the Central Bank of Brazil, except:

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3. securities distribution company;

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5. virtual asset service provider; and

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III - ......................................................

a) securities brokerage company, securities distribution company, foreign exchange brokerage company, and virtual asset service provider;

......................................................” (NR)

Art. 4 BCB Resolution No. 201 of March 11, 2022, published in the Official Gazette of the Union on March 14, 2022, shall be in effect with the following alterations:

“Art. 4 ...............................................................

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V - .....................................................................

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j) margin account operations;

VI - absence of instruments authorized by the Central Bank of Brazil to compose the Complementary Capital or Level II of Reference Equity – RE, in accordance with Art. 23 of BCB Resolution No. 199 of March 11, 2022; and

VII - absence of provision of virtual asset services.

...................................................................” (NR)

CHAPTER II

APPLICATION OF PRUDENTIAL REGULATION

Art. 5 Single virtual asset service provider companies and prudential conglomerates led by a virtual asset service provider company must observe, starting from January 1, 2027, the following regulations:

I - Circular No. 3,634 of March 4, 2013;

II - Circular No. 3,635 of March 4, 2013;

III - Circular No. 3,636 of March 4, 2013;

IV - Circular No. 3,637 of March 4, 2013;

V - Circular No. 3,638 of March 4, 2013;

VI - Circular No. 3,639 of March 4, 2013;

VII - Circular No. 3,641 of March 4, 2013;

VIII - Circular No. 3,645 of March 4, 2013;

IX - Circular No. 3,769 of October 29, 2015;

X - Circular No. 3,809 of August 25, 2016;

XI - Circular No. 3,846 of September 13, 2017;

XII - Circular No. 3,876 of January 31, 2018;

XIII - Circular No. 3,979 of January 30, 2020;

XIV - BCB Resolution No. 54 of December 16, 2020;

XV - BCB Resolution No. 111 of July 6, 2021;

XVI - BCB Resolution No. 139 of September 15, 2021;

XVII - BCB Resolution No. 199 of March 11, 2022;

XVIII - BCB Resolution No. 200 of March 11, 2022;

XIX - BCB Resolution No. 202 of March 11, 2022;

XX - BCB Resolution No. 229 of May 12, 2022;

XXI - BCB Resolution No. 265 of November 25, 2022;

XXII - BCB Resolution No. 291 of February 8, 2023;

XXIII - BCB Resolution No. 303 of March 16, 2023;

XXIV - BCB Resolution No. 307 of March 23, 2023;

XXV - BCB Resolution No. 313 of April 26, 2023;

XXVI - BCB Resolution No. 319 of May 18, 2023;

XXVII - BCB Resolution No. 331 of June 27, 2023;

XXVIII - BCB Resolution No. 356 of November 28, 2023;

XXIX - BCB Resolution No. 470 of April 30, 2025;

XXX - BCB Resolution No. 478 of May 30, 2025; and

XXXI - BCB Resolution No. 560 of April 23, 2026.

§ 1 The observance, starting from January 1, 2027, of the resolutions and circulars mentioned in this article by a company or prudential conglomerate referred to in the caput must occur:

I - in conformity with the classification segment of the respective company or conglomerate, in accordance with Chapter IV of BCB Resolution No. 436 of November 28, 2024, considering, furthermore, the provisions of Art. 6 of this Resolution; and

II - without prejudice to the fulfillment of specific conditions and implementation deadlines, when existing, provided for in the respective resolutions and circulars.

§ 2 The observance of resolutions and circulars not mentioned in this article by a company or prudential conglomerate referred to in the caput, when included in their respective scopes of application, must occur according to specific conditions and implementation deadlines provided for in the respective resolutions and circulars.

§ 3 The provisions of this article do not apply to a prudential conglomerate classified as Type 1 or as Type 3 that, until the date of publication of this Resolution, has had as its leader an institution other than a virtual asset service provider company.

Art. 6 Until June 30, 2028, single virtual asset service provider companies and prudential conglomerates led by a virtual asset service provider company must be classified in Segment 4 – S4, as provided for in Art. 5, caput, item III, of BCB Resolution No. 436 of November 28, 2024, regardless of their size.

§ 1 The classification mentioned in the caput may be altered by the Central Bank of Brazil, in accordance with Art. 8 of BCB Resolution No. 436 of November 28, 2024.

§ 2 The provisions of this article do not apply to a prudential conglomerate classified as Type 1 or as Type 3 that, until the date of publication of this Resolution, has had as its leader an institution other than a virtual asset service provider company.

CHAPTER III

FINAL PROVISIONS

Art. 7 For the purposes of the provisions established in Arts. 87 and 88, caput, item II, letter “a”, and § 3, of BCB Resolution No. 520 of November 10, 2025, the provisions of this Resolution apply to a virtual asset service provider company, even if there has been no final decision on its application for authorization to operate by the Central Bank of Brazil.

Art. 8 Institutions classified in S5 that, on the date of entry into force of this Resolution, are providing virtual asset services as a result of the provisions of Arts. 20, caput, item II, and 21 of BCB Resolution No. 520 of November 10, 2025, must observe the restriction established in Art. 4, caput, item VII, of BCB Resolution No. 201 of March 11, 2022, starting from January 1, 2027.

Art. 9 This Resolution enters into force on the date of its publication.

GILNEU FRANCISCO ASTOLFI VIVAN
Director of Regulation