BCB Resolution No. 589 — Amending Resolution BCB No. 520 of November 10, 2025, Regarding Virtual Asset Service Providers

The Collegiate Board of the Central Bank of Brazil, in a session held on September 22, 2026, based on arts. 9 and 10, caput, items IX and X, of Law No. 4.595 of December 31, 1964, 9-A of Law No. 4.728 of July 14, 1965, 9, caput, items II and XIV, of Law No. 12.865 of October 9, 2013, 2 to 5, 7, 8 and 9 of Law No. 14.478 of December 21, 2022, and 1 and 2 of Decree No. 11.563 of June 13, 2023,

R E S O L V E:

Art. 1. Resolution BCB No. 520 of November 10, 2025, published in the Official Gazette of the Union on November 11, 2025, shall enter into force with the following amendments:

“Art. 88. ................................................

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III - send, from the protocol of the authorization request referred to in item I, in accordance with specific regulations:

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

c) information and data regarding the provision of virtual asset custody services, equivalent to the total of virtual assets custodied, on its own behalf 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 custodied on behalf of each client or user;

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

e) verifiable statements containing the total virtual assets of clients or users that are destined for staking operations, if the institution performs these operations; and

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“Art. 90-A. The information referred to in Art. 88, caput, item III, items “b” to “e”, in accordance with specific regulation, must be sent by the eligible institutions referred to in Art. 20:

I - from the start of service provision in the virtual asset market, in the case of eligible institutions referred to in Art. 21; or

II - immediately, in the case of eligible institutions referred to in Art. 22.” (NR)

“Art. 90-B. The Central Bank of Brazil shall regulate the manner and other conditions for sending the information referred to in Art. 88, caput, item III, items “b” to “e”, and Art. 90-A.” (NR)

“Art. 91. It is prohibited, from November 6, 2026, for financial institutions, payment institutions, and other institutions authorized to operate by the Central Bank of Brazil to carry out or facilitate operations in the virtual asset market that have as counterparties institutions or entities that provide virtual asset services and are not authorized to operate in the country by this Autarchy, except in the forms expressly authorized in this Resolution.

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Art. 2. This Resolution enters into force:

I - on October 1, 2026, regarding the amendments made to Art. 91 of Resolution BCB No. 520 of November 10, 2025; and

II - on January 1, 2027, regarding the other provisions.

NILTON JOSÉ SCHNEIDER DAVID
Deputy Director of Regulation