advertisement

Brazil Cracks Down on Crypto Firms With Fresh Central Bank Regulations

Brazil’s central bank has unveiled a new regulatory framework to strengthen oversight of its $319 billion crypto market, aiming to boost transparency and curb financial crime.

The rules, taking effect in February 2026, will require digital asset service providers—including exchanges, brokers, and custodians—to obtain authorization and follow strict standards on governance, cybersecurity, and risk management.

Firms have until November 2026 to comply or cease operations. The framework extends anti-money laundering and counter-terrorism financing requirements to the crypto sector, treating stablecoin transactions and international crypto transfers as foreign exchange operations. Deals with unauthorized entities will be capped at $100,000.

“The new rules will reduce scams, fraud, and money laundering,” said Gilneu Vivan, the central bank’s regulation director. The measures build on Brazil’s 2022 crypto law and reinforce its position as a regional leader in digital finance.

According to Chainalysis, Brazil ranks fifth globally in crypto activity, handling about $319 billion between mid-2024 and mid-2025.
Meanwhile, lawmakers are debating a $19 billion Bitcoin reserve proposal, known as RESBit, to diversify national holdings and reduce reliance on the US dollar. If approved, Brazil would become one of the first major economies to hold Bitcoin as part of its reserves.

Image Credit: Pixabay

 

Get Latest Cryptocurrency And Bitcoin News

Signup this form below to get latest Cryptocurrency and Bitcoin news, directly in your mailbox

Note:

Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.