Jurisdiction reference
Brazil
Regulator: BCB / CVM. License/registration context: Licensing. 20 VASP/entity records are tracked by Plexo Institute in Brazil. Official registry source: BCB Crypto Regulation. Data last updated: 2026-08-28.
Law 14,478/2022 effective June 20, 2023; Public Consultations 109/110 issued November 8, 2024 (comment period ended February 7, 2025); Resolutions 519/520/521 published November 10, 2025; framework becomes live February 2, 2026 with reporting mandatory May 4, 2026; fiat-backed stablecoins classified as foreign exchange operations; 1:1 fiat reserve backing required; stablecoins treated same as FX under banking-grade oversight; SPSAVs (virtual asset service providers) must be BCB-authorized; transfers to unlicensed foreign entities limited to $100,000; self-custody wallet transfers to licensed providers subject to AML monitoring; stablecoin transactions must now appear in Brazil's official balance-of-payments data.
Regulatory Status
- Jurisdiction code
- BR
- Regime
- Licensing
- Regulator
- BCB / CVM
- Governing law
- Crypto Assets Law (14,478/2022)
- Travel Rule
- Legislated
- Tracked entities
- 20
- Recognized stablecoin backing
- fiat-backed, crypto-backed, commodity-backed
- Yield-bearing stablecoins
- Restricted
- Currency
- BRL
Regulatory approach
Brazil's central bank designated by Law 14,478/2022 (effective June 2023) and Decree 11,563/2023 as primary regulator for virtual asset service providers; BCB oversees authorization, licensing, and supervision of SPSAVs; manages AML/CFT compliance, reserve requirements, asset segregation, and foreign exchange market integration of stablecoins; operates phased compliance approach with six-month transition periods for existing operators; focus on financial stability, consumer protection, and closing capital flow loopholes; under leadership of President Gabriel Galipolo and Director Gilneu Vivan. Single regulatory umbrella with comprehensive authority over digital assets and payment systems.
Relationship Graph
Jurisdiction FAQ
Who regulates Brazil?
The current Plexo Institute record lists BCB / CVM as the regulator for Brazil.
How many VASPs are tracked in Brazil?
20 VASP/entity records are tracked by Plexo Institute in Brazil.
What is the Travel Rule status in Brazil?
The current Plexo Institute record lists the Travel Rule status for Brazil as Legislated.
Source Evidence
This profile is compiled from official legislation and regulator records. Source confidence: official source evidence.