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Brazil: crypto & digital assets regulation

Regulated

BCB licenses VASPs under IN 693; CVM regulates crypto-securities

Lead regulator
Banco Central do Brasil (BCB)
Also involved
CVM (securities) · CNPJ (tax)
Core law
Law No. 14,478/2022 (Cryptoassets Law)
Entry capital
BRL 10m (VASP)
Approval timeline
Up to 1,080 days per Resolution 548
Customer assets
Segregated custody required
Data protection
LGPD · ANPD
Sandbox
No

Brazil regulates virtual asset service providers (VASPs) under the Central Bank (BCB) via Law 14,478/2022 and IN 693. The BCB requires authorization, BRL 10m capital, and strict reporting. The Securities Commission (CVM) regulates token offerings classified as securities. The regulatory framework is active and expanding.

Which licence do you need?

Your activityRequirementCapitalTimelineAuthority
Exchange / trading platformLicenceVASP Authorization[1][2][3]

Requires Unicad registration and BCB authorization

BRL 10mUp to 1,080 daysBanco Central do Brasil
Custody of client assetsLicenceVASP Authorization[4][2]

Daily custody reporting required under IN 713

BRL 10mUp to 1,080 daysBanco Central do Brasil
Token issuance / public offeringLicenceCVM Registration[5][6]

Securities-like tokens require CVM approval

——Comissão de Valores Mobiliários
Broker-dealer / OTC deskLicenceVASP Authorization[2]

OTC desks fall under VASP scope

BRL 10mUp to 1,080 daysBanco Central do Brasil
Stablecoin issuanceLicenceVASP Authorization[7]

Specific accounting codes introduced for stablecoins

BRL 10mUp to 1,080 daysBanco Central do Brasil
Crypto payments acceptanceLicenceVASP Authorization[8][1]

FX reporting mandatory for crypto payments

BRL 10mUp to 1,080 daysBanco Central do Brasil
Mining / staking servicesLicenceVASP Authorization[3]

Staking requires Unicad registration

BRL 10mUp to 1,080 daysBanco Central do Brasil
Advisory / portfolio managementLicenceVASP Authorization[2]

Advisory services generally require VASP license

BRL 10mUp to 1,080 daysBanco Central do Brasil

New — what changed recently

  • 2026-07-02BCB IN 756 — Postponed FX reporting effective date to November 2026[1]
  • 2026-07-01BCB Resolution 580 — Classified VASPs as Type 3 institutions with prudential rules[2]
  • 2026-05-29BCB IN 739 — Mandated independent auditor reports for VASP authorization[9]
  • 2026-02-27BCB IN 712 — Established Unicad registration for staking and VASP intent[3]

Market-entry checklist

  1. 1Register in Unicad systemSubmit intent to operate via BCB's Unicad platform before applying.
  2. 2Secure BRL 10m capitalDemonstrate statutory minimum capital for VASP authorization.
  3. 3Engage CVM auditorHire a CVM-registered auditor for mandatory assurance reports.
  4. 4Implement FX reportingSet up systems for daily virtual asset custody and reserve reporting.
  5. 5Draft succession policyCreate a formal administrator succession policy per Resolution 576.

Sources

  1. Central Bank of Brazil Instruction Normative No. 756 Amending Instruction Normative No. 693 Regarding Virtual Asset Services Reporting · 2026-07-02
  2. BCB Resolution No. 580 — Classifies Virtual Asset Service Providers as Type 3 and Prohibits Virtual Asset Services for Segment 5 · 2026-07-01
  3. Central Bank Instruction No. 712 of February 27, 2026 · 2026-02-27
  4. Central Bank of Brazil Instruction Normative No. 713 — Procedures for Reporting Virtual Asset Service Information under Resolution BCB No. 520 · 2026-02-27
  5. CVM Deliberation No. 907 of April 15, 2026 · 2026-04-15
  6. CVM Resolution No. 904 of November 4, 2025 · 2025-11-04
  7. Normative Instruction BCB No. 734 — Amending Cosif Accounting Standards · 2026-05-05
  8. BCB Resolution No. 574 — Amending Resolution BCB No. 277 to Regulate Information Reporting for Virtual Asset Operations in the Foreign Exchange Market · 2026-06-18
  9. Central Bank of Brazil Normative Instruction No. 739 of May 29, 2026 · 2026-05-29
This guide is compiled automatically from 9 primary-source documents published by Brazil's regulators, reviewed by RegAlert, and refreshed monthly (last updated 2026-07-12). It is not legal advice — always confirm requirements with the regulator or local counsel before acting.