Central Bank of Brazil Instruction Normative No. 736 of May 19, 2026

INSTRUCTION NORMATIVE BCB No. 736, OF MAY 19, 2026

Amends Instruction Normative BCB No. 693, of December 19, 2025, which establishes the procedures for sending information to the Central Bank of Brazil regarding the provision of virtual asset services in the foreign exchange market governed by Resolution BCB No. 521, of November 10, 2025.

The Head of the Financial System Monitoring Department – Desig and the Head of the Prudential and Exchange Regulation Department – Dereg, acting in substitution, in the exercise of the powers conferred upon them by Article 23, item I, letter “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, item I, letter “b” of the aforementioned Regulations, and considering the provisions in Resolutions BCB Nos. 519, 520, and 521, all of November 10, 2025, the latter being the one that amends Resolution BCB No. 277, of December 31, 2022,

RESOLVE:

Art. 1. Instruction Normative BCB No. 693, of December 19, 2025, published in the Official Gazette of the Union on December 22, 2025, shall enter into force with the following alterations:

“Art. 1. ...................................................................................................................................

I - international payment or transfer with virtual assets;

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

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

I -

regarding international payment or transfer with virtual assets:

.................................................................................................................................................

II - regarding loading or unloading of virtual assets onto a card or other electronic payment instrument for international use:

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

Art. 2. This Instruction Normative enters into force on the date of its publication.

ANDRÉ MAURÍCIO TRINDADE DA ROCHA

KATHLEEN KRAUSE

Head of Desig

Head of Dereg

NOTE

Instruction Normative BCB No. 693, of December 19, 2025, established the procedures for sending information to the Central Bank of Brazil regarding the provision of virtual asset services in the foreign exchange market governed by Resolution BCB No. 521, of November 10, 2025, and created the document with code C212 – Provision of Virtual Asset Services in the Foreign Exchange Market (file ACAM212) to enable this reporting.

2. After the publication of Instruction Normative BCB (IN BCB) No. 693, of December 19, 2025, the need arose to improve its wording, in order to unify its terms with the corresponding provisions of Resolution BCB No. 521, of November 10, 2025.

3. Decree No. 10.411, of June 30, 2020, regulates the implementation of regulatory impact analysis – AIR as a prerequisite for the issuance of normative acts. However, in its Article 4, the Decree establishes the hypotheses for exemption from conducting an AIR. This IN BCB falls under the hypothesis provided for in item II – normative act intended to regulate rights or obligations defined in a hierarchically superior norm that does not allow, technically or legally, different regulatory alternatives.

4. This Instruction Normative only harmonizes the wording of Instruction Normative BCB No. 693, of 2025, with Resolution BCB No. 521, of 2025, justifying its inclusion in item II of Article 4 of Decree No. 10.411, of 2020.

5. Thus, based on the provisions in paragraphs 3 and 4, we understand that the issuance of this Instruction Normative is exempt from conducting an AIR.

ANDRÉ MAURÍCIO TRINDADE DA ROCHA

KATHLEEN KRAUSE

Head of Desig

Head of Dereg, substitute