RegAlert2022-12-21 | Lei 14.478/2022Added
Law No. 14,478, of December 21, 2022 — Guidelines for the Provision of Virtual Asset Services and the Regulation of Virtual Asset Service Providers
The law requires virtual asset service providers to obtain prior authorization from a federal administrative body, which will define the conditions, parameters and a minimum six‑month compliance period for existing providers. It creates a new crime of fraud involving virtual assets, securities or financial assets with imprisonment of four to eight years and a fine, and amends the Penal Code, the financial crimes law and the money‑laundering law to increase penalties and impose transaction‑recording obligations for virtual asset activities. The executive will designate one or more federal agencies to supervise these providers, apply consumer‑protection rules to virtual‑asset markets, and establish reporting requirements to the National Register of Politically Exposed Persons, with the law taking effect 180 days after its official publication.
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Presidency of the Republic
General Secretariat
Sub‑Chief for Legal Affairs
LAW NO. 14,478, OF DECEMBER 21, 2022
Effective
Regulation Effective
This Law provides guidelines to be observed in the provision of virtual asset services and in the regulation of virtual asset service providers; it amends Decree‑Law No. 2,848 of December 7, 1940 (Penal Code) to create the crime of fraud using virtual assets, securities or financial assets; and it amends Law No. 7,492 of June 16, 1986, which defines crimes against the national financial system, and Law No. 9,613 of March 3, 1998, which deals with money laundering, to include virtual asset service providers in their provisions.
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Lineage: In force
Show all related documents (19)
- Amends
- Law No. 9,613 of March 3, 1998 — Money Laundering Crimes; Prevention of Financial System Use for These Illicit Acts; Creation of COAF1998Law No. 2848 dated 1940-12-07not in RegAlertLaw No. 7492 dated 1986-06-16not in RegAlert
- Basis for
- BCB Resolution No. 586 — Provides for the disclosure of the Social, Environmental and Climate Risks and Opportunities Report – GRSAC Report2026BCB Resolution No. 580 — Classifies Virtual Asset Service Providers as Type 3 and Prohibits Virtual Asset Services for Segment 52026BCB Resolution No. 579 — Amends BCB Resolution No. 146 of September 28, 2021, Regarding Accounting Document Criteria for Regulated Institutions2026BCB Resolution No. 576 on Administrator Succession Policy for Financial Institutions2026BCB Resolution No. 574 — Amending Resolution BCB No. 277 to Regulate Information Reporting for Virtual Asset Operations in the Foreign Exchange Market2026BCB Resolution No. 570 — Amending Resolution BCB No. 517 Regarding Minimum Capital and Net Worth Calculation Procedures2026
+7 more
BCB Resolution No. 552 of March 3, 20262026BCB Resolution No. 550 — Establishes Accounting Criteria for Virtual Assets2026BCB Resolution No. 549 — Amending Annex II to BCB Resolution No. 108 Regarding Administrative Timelines for Economic Activity Licensing2026BCB Normative Instruction No. 701 — Establishes the form of communication and minimum requirements for technical certification by an independent qualified company for virtual asset service provision2026BCB Resolution No. 542 — Establishes Conditions for the Formation, Organization, and Operation of Foreign Exchange Brokerage Companies2025BCB Resolution No. 519 — Regulates Authorization Processes for Foreign Exchange Brokers, Securities and Derivatives Brokers, Securities Distributors, and Virtual Asset Service Providers2025Decree No. 11,563 of June 13, 2023 – Regulates Law No. 14,478/2022 and Establishes Competencies for the Central Bank of Brazil2023 - Refers to
- Law No. 13,506 of November 13, 2017 – Sanctioning Administrative Process in the Scope of the Central Bank of Brazil and the Securities and Exchange Commission2017Law No. 12,865, of October 9, 2013 — payment arrangements and payment institutions that are part of the Brazilian Payment System2013
- Referred to by
- CMN Resolution No. 5,281 — Establishes Criteria for Financial Institutions on Accounting Recognition, Measurement, and Disclosure of Virtual Assets2026
Source: Congresso Nacional do Brasil — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works