Decree No. 11,563 of June 13, 2023 – Regulates Law No. 14,478/2022 and Establishes Competencies for the Central Bank of Brazil

Presidency of the Republic

Civil House

Special Secretariat for Legal Affairs

DECREE No. 11,563, of June 13, 2023

Validity

Regulates Law No. 14,478, of December 21, 2022, to establish competencies for the Central Bank of Brazil.

THE PRESIDENT OF THE REPUBLIC, exercising the powers conferred by art. 84, caput, items IV and VI, paragraph “a”, of the Constitution, and in view of the provisions of Law No. 14,478, of December 21, 2022,

DECREES:

Article 1. This Decree regulates Law No. 14,478, of December 21, 2022, to establish for the Central Bank of Brazil the competence to:

I – regulate the provision of virtual asset services, observing the guidelines of the said Law;

II – regulate, authorize and supervise virtual asset service providers; and

III – decide on the other cases established in Law No. 14,478, of 2022, without prejudice to the provisions of art. 12, in the part that includes art. 12‑A in Law No. 9,613, of March 3, 1998.

Article 2. For the purposes of the provisions of art. 6 of Law No. 14,478, of 2022, the Central Bank of Brazil shall discipline the operation of virtual asset service providers and shall be responsible for supervising such providers.

Article 3. The provisions of this Decree:

I – do not apply to assets representing securities subject to the regime of Law No. 6,385, of December 7, 1976; and

II – do not alter the competencies:

a) of the Securities and Exchange Commission – CVM;

b) of the National Consumer Defense System, as provided for in Law No. 8,078, of September 11, 1990; and

c) of prevention and repression of crimes provided for in item VII of the caput of art. 4 of Law No. 14,478, of 2022.

Article 4. This Decree enters into force on June 20, 2023.

Brasília, June 13, 2023; 202nd Independence and 135th Republic.

LUÍZ INÁCIO LULA DA SILVA

Fernando Haddad

Roberto Campos Neto

This text does not replace the one published in the Official Gazette on 14/6/2023

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