Normative Instruction BCB No. 693 — Establishes Procedures for Remitting Information on Virtual Asset Services in the Foreign Exchange Market

INSTRUÇÃO NORMATIVA BCB Nº 693, DE 19 DE DEZEMBRO DE 2025

Establishes the procedures for remitting to the Central Bank of Brazil information regarding the provision of virtual asset services in the foreign exchange market governed by BCB Resolution No. 521, of November 10, 2025.

The Head of the Financial System Monitoring Department – Desig and the Head of the Prudential and Foreign 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 BCB Resolution No. 340, of September 21, 2023, based on Articles 85, item I, letter “b”, and 119, item II, letter “a” of said Regulations, and having in view the provisions of BCB Resolutions Nos. 519, 520, and 521, all of November 10, 2025, the latter being the one that alters BCB Resolution No. 277, of December 31, 2022,

R E S O L V E :

Art. 1º This Normative Instruction deals with the remittance to the Central Bank of Brazil of information regarding the provision of virtual asset services in the foreign exchange market, comprising the following activities or operations:

I - international payment or transfer through transmission of virtual assets;

I - international payment or transfer with virtual assets; (Amended by Normative Instruction BCB No. 736, of May 19, 2026.)

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

III - transfer of virtual asset to or from a self-custody wallet that does not involve international payment or transfer with virtual assets; and

IV - monthly total of purchases, sales, and exchanges of virtual assets referenced in fiat currency.

Art. 2º
As established in Article 29 of BCB Resolution No. 277, of December 31, 2022, the information governed by Article 1, main text, items I to IV must be remitted, starting from the data base of May 2026, to the Central Bank of Brazil:

Art. 2º As established in Article 82-A of BCB Resolution No. 277, of December 31, 2022, the information governed by Article 1, main text, items I to IV must be remitted to the Central Bank of Brazil starting from the data base of November 2026: (Amended by Normative Instruction BCB No. 756, of July 2, 2026.)

I - by banks;

II - by the Federal Savings and Loan Association (Caixa Econômica Federal);

III - by securities brokerage firms;

IV - by securities distribution firms;

V - by foreign exchange brokerage firms; and

VI - by virtual asset service providers.

Sole Paragraph. Virtual asset service providers that were active on February 2, 2026, and provide virtual asset services in the foreign exchange market must register in the Central Bank Information System – Sisbacen and request the granting of services PSTA300 and SCAM0019, according to instructions contained in Annex III to this Normative Instruction.

Art. 3º The information governed by Article 1 must be remitted through document code C212 - Provision of Virtual Asset Services in the Foreign Exchange Market (file ACAM212), in accordance with the annexes to this Normative Instruction.

§ 1º The remittance governed by the main text may be carried out:

I - through a single monthly file by the deadline of the fifth day of the month following the operation;

II - through one or more transmission files, provided that the deadline indicated in the previous item is respected.

§ 2º The files governed by the main text must be remitted through the File Transfer System – STA, governed by Circular Letter No. 3,588, of March 18, 2013.

§ 3º The information necessary for the preparation of the document indicated in the main text is available on the Central Bank of Brazil’s website at the electronic address https://www.bcb.gov.br/estabilidadefinanceira/leiautedocumentoscrd.

Art. 4º The information governed by the main text of Article 1 comprises:

I - regarding international payment or transfer through transmission of virtual assets:

I - regarding international payment or transfer with virtual assets: (Amended by Normative Instruction BCB No. 736, of May 19, 2026.)

a) date of the operation;

b) purpose of the operation;

c) type of operation: information on whether the operation is an inflow or outflow of virtual asset;

d) identification of the client, observing Circular Letter No. 3,978, of January 23, 2020;

e) denomination of the virtual asset;

f) quantity of the virtual asset transferred;

g) reference value in reais of the unit of the virtual asset on the date of the operation; and

h) payer or payee abroad:

1. name;

2. country; and

3. relationship or link with the client.

II - regarding the loading or unloading of virtual assets denominated in foreign currency on a card or other electronic payment instrument for international use:

II - regarding the loading or unloading of virtual assets on a card or other electronic payment instrument for international use: (Amended by Normative Instruction BCB No. 736, of May 19, 2026.)

a) date of the operation;

b) type of operation: information on whether the operation is loading or unloading, with loading being reported as outflows and unloading as inflows;

c) identification of the client, observing Circular Letter No. 3,978, of January 23, 2020;

d) denomination of the virtual asset;

e) quantity of the virtual asset transferred;

f) reference value in reais of the unit of the virtual asset on the date of the operation; and

g) payer or payee abroad:

1. name; and

2. country.

III - regarding the transfer of virtual asset using a self-custody wallet that does not refer to international payment or transfer:

a) date of the operation;

b) identification of the client, observing Circular Letter No. 3,978, of January 23, 2020;

c) denomination of the virtual asset;

d) quantity of the virtual asset transferred;

e) identification of the holder of the self-custody wallet; and

f) type of operation: information on whether the self-custody wallet is the source or destination, with destination self-custody wallets being reported as outflows and source wallets as inflows.

IV - monthly total of purchases, sales, and exchanges of virtual assets referenced in fiat currency:

a) reference month;

b) identification of the client, observing Circular Letter No. 3,978, of January 23, 2020;

c) denomination of the virtual asset referenced in fiat currency;

d) monthly total; and

e) type of operation: information on whether the monthly total is obtained by the client (resulting from PSAV sales and exchanges) or delivered by the client (resulting from PSAV purchases and exchanges), noting that the obtained monthly total will be reported as an outflow and the delivered monthly total as an inflow.

Art. 5º Institutions authorized to operate in the foreign exchange market and that provide virtual asset services in the foreign exchange market must designate an employee qualified to answer any questions regarding the information provided in accordance with this Normative Instruction.

Sole Paragraph. The designation governed by the main text must be registered and kept updated in the Information System on Entities of Interest to the Central Bank – Unicad, governed by BCB Resolution No. 209, of March 22, 2022.

Art. 6º The virtual asset code must be informed using the table contained in Annex II to this Normative Instruction.

§ 1º In the case of a virtual asset not present in the table governed by the main text, code 999 must be informed.

§ 2º In the case provided for in the previous paragraph, information on the virtual asset must be provided from descriptive texts indicating the acronym and denomination of said virtual asset.

Art. 7º This Normative Instruction enters into force on February 2, 2026.

ANDRÉ MAURÍCIO TRINDADE DA ROCHA KATHLEEN KRAUSE

Head of Desig Head of Dereg, substitute

Annex I to Normative Instruction BCB No. 693, of December 19, 2025

Encoding and characteristics of the documents:

Document Code: C212.

Document Name: C212 - Provision of Virtual Asset Services in the Foreign Exchange Market (file ACAM212).

Remittance Frequency: Monthly.

Remittance Deadline: By the fifth day of the month following the effective realization of the activity or operation.

Data Base for Calculation: Daily, for the information listed in items I to III of Article 4, and monthly for the information listed in item IV of Article 4.

Responsible Unit for Curation: Financial System Monitoring Department – Desig.

Remittance Method: Electronic means.

System for Remittance: File Transfer System (STA), as regulated and made available on this Agency’s website at the address https://www.bcb.gov.br/acessoinformacao/sistematransferenciaarquivos.

Format for Remittance: XML (eXtensible Markup Language).

Validation of Remittance: Anticipated.

Remittance Validation Schema: XSD (XML Schema Definition).

Additional Elements for Remittance: Available on the Central Bank of Brazil’s website at the addresses https://www.bcb.gov.br/estabilidadefinanceira/leiautedocumentoscrd and https://www.bcb.gov.br/estabilidadefinanceira/sistemas.

Director Responsible for Remittance: Director responsible for foreign exchange market operations-ResBCB277.

Director Responsible Registration: In the “Links – Inclusion – Director Responsible by Area of Activity” module of Unicad.

Employee Designated to Answer Questions Registration: In the “Links – Inclusion – Internal Audit / Ombudsman / Resp. for Sending Information” module of Unicad.

Electronic Address for Solving Doubts about Filling Out and Remitting the Document: arquivos.cambio@bcb.gov.br.

Institutions Obligated to Remit: Banks, Federal Savings and Loan Association, securities brokerage firms, securities distribution firms, foreign exchange brokerage firms; and virtual asset service providers, that provide virtual asset services in the foreign exchange market, in accordance with BCB Resolution No. 277, of December 31, 2022.

Annex II to Normative Instruction BCB No. 693, of December 19, 2025

Virtual Asset Code Table

Code	Acronym	Name
1	USDT	Tether
2	BTC	Bitcoin
3	USDC	USD Coin
4	ETH	Ethereum
5	XRP	XRP
6	BRZ	Brazilian Digital Token
7	CHZ	Chiliz
8	SOL	Solana
9	BUSD	Binance USD
10	LTC	Litecoin
11	LINK	Chainlink
12	ADA	Cardano
13	BCH	Bitcoin Cash
14	DOGE	Dogecoin
15	MATIC	Polygon
16	DCR	Decred
17	XLM	Stellar Lumens
18	WBX	WiBX
19	UNI	Uniswap
20	AAVE	Aave
999	Other virtual assets

Annex III to Normative Instruction BCB No. 693, of December 19, 2025

Instructions for accessing the File Transfer System (STA) for sending and receiving the ACAM212 file.

For Virtual Asset Service Providers (VASPs) to access the STA, the following procedures must be followed:

I - User Registration in Sisbacen:

a) perform registration using digital e-CNPJ certificate;

b) access the Central Bank of Brazil’s website: http://www.bcb.gov.br/meubc/sisbacen;

c) follow instructions in the menu: Registration → User Profile → Legal Entity;

II - Request for Granting:

a) after creating the user in Sisbacen, send an email to: gerente.sisbacen@bcb.gov.br;

b) in the email, request the granting of services PSTA300 and SCAM0019;

c) inform the following data:

1. Institution’s CNPJ;

2. Institution code generated during registration, in the format: 85NNNNNNN;

III - Access to STA (sending and receiving files): after the granting of services, access the guidelines on STA at the website: https://www.bcb.gov.br/meubc/sistematransferenciaarquivos;

IV – Company Responsibilities:

The company that performed the registration and obtained the above grants is responsible for:

a) ensuring that the registered user has an adequate profile for the execution of services;

b) maintaining internal control over users and their credentials, in accordance with the Central Bank of Brazil’s security standards.

NOTE

1.                     Law No. 14.478, of December 21, 2022, establishes the guidelines to be observed in the provision of virtual asset services and in the regulation of virtual asset service providers - VASPs. Item V of its Article 7 establishes the competence for the regulatory body on the subject to dispose, among other topics, on the circumstances in which the activities or operations of VASPs will be included in the foreign exchange market or in which they must submit to the regulation of Brazilian capital abroad and foreign capital in the country. Decree No. 11.563, of June 13, 2023, in turn, established that the Central Bank of Brazil – BCB holds, among other competencies, the attributions to regulate the provision of virtual asset services and to regulate, authorize, and supervise VASPs.
   

2.                     Thus, BCB Resolution No. 521, of November 10, 2025, was issued, which alters BCB Resolution No. 277, of December 31, 2022, regulating the provision of virtual asset services in the foreign exchange market. Furthermore, Article 82-B, introduced by BCB Resolution No. 521, of 2025, determined that institutions and entities that provide virtual asset services must remit to the BCB information regarding the following activities or operations:
   

I - international payment or transfer with virtual assets;

II - transfer of virtual asset from or to a client of a virtual asset service provider to fulfill an obligation arising from the international use of a card or other electronic payment instrument;

III - transfer of virtual asset to or from a self-custody wallet that does not involve international payment or transfer with virtual assets; and

IV - purchase, sale, or exchange of virtual assets referenced in fiat currency.

3.                     To enable the remittance of information regarding the provision of virtual asset services, the document code C212 – Provision of Virtual Asset Services in the Foreign Exchange Market (file ACAM212) will be created to be sent by the institutions listed in Articles 29, items I, II, and IV of BCB Resolution No. 277, of 2022. It should be noted that such information is present in Annex II-A of said BCB Resolution No. 277, of 2022, and must be remitted starting from the data base of May 2026, upon the entry into force of BCB Resolution No. 521, of 2025,
   

4.                     Decree No. 10.411, of June 30, 2020, regulates the conduct of regulatory impact analysis – RIA as a prerequisite for the issuance of normative acts. However, in its Article 4, the Decree establishes the circumstances for exemption from conducting RIA. This BCB Normative Instruction falls under the circumstances provided for in items II - normative act intended to discipline rights or obligations defined in a hierarchically superior norm that does not allow, technically or legally, different regulatory alternatives, and V - normative act intended to preserve liquidity, solvency, or soundness, letter “b” - of the financial, capital, and foreign exchange markets.
   

5.                     With the issuance of Decree No. 11.563, of 2023, and BCB Resolution No. 521, of 2025, there was no alternative but to create a specific document for the receipt of information regarding the provision of virtual asset services in the foreign exchange market, allowing the BCB to monitor such activities or services, which justifies the classification of this normative act under items II and V, letter “b” of Article 4 of Decree No. 10.411, of 2020.
   

6.                     Thus, based on the exposition in paragraphs 4 and 5, we understand that the present normative act is exempt from conducting RIA.
   

ANDRÉ MAURÍCIO TRINDADE DA ROCHA Head of the Financial System Monitoring Department	KATHLEEN KRAUSE Head of the Prudential and Foreign Exchange Regulation Department, substitute