Brazilian authorities have established new regulations for crypto companies

The Central Bank of Brazil announced the introduction of new regulation rules, which expand the requirements of traditional All companies on the financial market, acting as intermediaries, custodians or brokers of cryptocurrencies. These changes are aimed at streamlining and controlling the activities of crypto companies in the country.

Obligation of suppliers of services of virtual assets

According to the new rules, virtual asset service providers (VASP), operating on the Brazilian crypto market, are obliged to go through the authorization process and obtain permission to carry out their activities from Central Bank of Brazil. These operations are now equated to operations on the currency market and the international capital market, which emphasizes the importance observance of financial security standards.

Requirements for risk management systems

To meet the new regulatory requirements VASP must implement management systems risks, cybersecurity and customer protection. This includes measures against money laundering and terrorism financing. In particular, companies are obliged to provide authorization of contractors to deal with virtual assets and news documented. Accounting processes, necessary to verify the origin of funds and the purpose of payment in virtual assets. There will also be a restriction on transactions with unauthorized counterparties that cannot exceed $100. 000.

Transition period and entry into force

New rules regulating the crypto market will come into force in February 2026, while A nine-month grace period is provided for companies to adapt to the new requirements. This will give crypto companies time to implement the necessary changes and prepare to comply with the new standards.

Natural changes

It is worth noting that earlier the Brazilian authorities withdrew tax benefits for cryptocurrency investors and Established a fixed rate of tax on profits in the amount of 17,5% for all operations with digital assets. These measures are also aimed at streamlining the market and increasing tax revenues from cryptocurrency activities.