The Central Bank of Brazil (BCB) has officially approved a series of new crypto regulations aimed at bringing clarity, control, and transparency to the country’s fast-growing digital asset market. Announced through Resolutions No. 519, 520, and 521, the framework will take effect on February 2, 2026, marking a major step toward integrating cryptocurrencies into Brazil’s financial system.
The BCB’s regulatory package establishes a licensing regime for companies offering virtual asset services and introduces foreign exchange rules for specific crypto transactions. One of the most notable provisions includes a $100,000 cap on international transfers made with cryptocurrencies by companies that are not authorized foreign exchange operators.
Resolution No. 520 lays out the operational framework for Virtual Asset Service Providers (VASPs) — firms officially permitted to provide crypto-related services in Brazil. These companies will be classified into three categories: intermediaries, custodians, and brokers. To operate legally, all VASPs must obtain authorization from the Central Bank and comply with strict requirements covering consumer protection, anti-money laundering (AML), counter-terrorism financing (CTF), cybersecurity, corporate governance, and disclosure obligations.
Meanwhile, Resolution No. 519 defines the approval procedures for both new and existing crypto companies, streamlining the process and introducing unified standards for license applications. It also updates regulations for entities already active in traditional financial sectors, including currency brokers and securities distributors, aligning them with the digital asset economy.
Perhaps the most transformative is Resolution No. 521, which for the first time equates certain crypto operations with foreign exchange and international capital transactions. This includes cross-border payments, remittances, debt settlements, crypto-to-fiat exchanges, and wallet-to-wallet transfers that require verified identity information. Licensed entities must adhere to the same transparency and compliance standards as traditional financial operators.
To further strengthen oversight, starting May 4, 2026, companies will be required to report all crypto transactions related to foreign exchange and international capital flows directly to the Central Bank. Officials say this will enhance regulatory transparency, prevent money laundering, and improve the accuracy of Brazil’s economic statistics.
The new framework follows Brazil’s recent legislative proposal PL 957/2025, which could allow employees to receive part of their salaries in cryptocurrencies — as long as at least 50% is paid in fiat currency. The move underscores Brazil’s commitment to responsible crypto adoption while maintaining financial stability.
Conclusion:
Brazil’s comprehensive regulatory approach positions it as a regional leader in crypto governance, striking a balance between innovation and control. By formalizing licensing, compliance, and international crypto operations, the Central Bank aims to build trust, attract investment, and protect users in an increasingly digital financial landscape. With these rules in place, Brazil could become a model for how emerging markets integrate blockchain technology within traditional monetary systems.
