Brazil Compliance Report

Generated 2026-09-22

Comprehensive Framework

Regulatory Overview

Regulatory Status: Dedicated crypto/VA legislation, licensing regime, active enforcement
Key Regulator(s): Brasil and the Securities and Exchange Commission, Central Bank of Brazil Banco Central, Financial Activities Control Council, Brazilian Securities and Exchange Commission
Risk Level: medium
Primary Legislation: Law 14,478/2022 (Legal Framework for Virtual Assets) (2022), Decree 11,563/2023 (2023)
Travel Rule: Adopted — Threshold: Implemented
Tax Reporting: IN RFB 1,888 — monthly transaction reporting above BRL 30,000; 15% capital gains tax

Key Facts

aml Cryptocurrency and virtual asset activities are legal in Brazil, with a comprehensive regulatory framework established under Law No. 14,478 of 2022, which amended the existing anti-money laundering law (Law No. 9,613 of 1998) to explicitly include virtual assets within its scope L9613. Licensing requirements are being implemented, with virtual asset service providers required to obtain authorization from the Central Bank of Brazil; as of 2025-2026, the regulatory framework is transitioning toward formal licensing, though operational specifics continue to be developed Banco Central do Brasil and the Securities and Exchange Commission.... The practical reality is that Brazil has moved from an unregulated market to a structured regulatory environment, but implementation gaps remain as the Central Bank finalizes its licensing procedures and compliance expectations for the virtual asset industry Regulation. The Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários - CVM) oversees digital assets that qualify as securities, providing regulatory clarity for tokenized assets and investment contracts involving virtual assets Banco Central do Brasil and the Securities and Exchange Commission.... The Financial Activities Control Council (Conselho de Controle de Atividades Financeiras - COAF) is the financial intelligence unit responsible for receiving, examining, and identifying suspicious activities, operating under the Ministry of Finance L9613. The National Data Protection Authority (Autoridade Nacional de Proteção de Dados - ANPD) oversees data protection compliance, which has implications for KYC and customer data handling by virtual asset service providers under the General Data Protection Law (LGPD) L13709. Law No. 9,613 of March 3, 1998 (as amended) is the principal anti-money laundering legislation in Brazil, establishing the criminal offenses of money laundering and the prevention framework for the use of the financial system for illicit activities, and creating COAF L9613. Law No. 12,683 of 2012 substantially amended Law No. 9,613, removing the exhaustive list of predicate offenses and expanding the definition of money laundering to cover any criminal infraction, thereby broadening the scope of AML obligations L9613.
general Resolution BCB N. 519: Establishes authorization procedures and minimum requirements for incorporation, operation, and governance structures for VASPs Resolution BCB N. 521: Extends AML/CFT protections to foreign exchange and virtual asset operations, incorporating them into Brazil's exchange regulatory framework Cash transactions equal to or greater than BRL 10,000 Transactions to non-Brazilian bank accounts equal to or greater than BRL 100,000 Immediate reporting of suspicious transactions within 24 hours of identifying suspicion Reporting of sanctions matches and serious evidence of terrorism financing Tax policy changes: In June 2025, Brazil ended its tax exemption for smaller crypto transactions and now applies a flat 17.5% tax on crypto capital gains Confiscated asset utilization: Brazilian President Lula signed Law No. 15,358, which directs seized cryptocurrency assets to public safety funding and expands judicial authorities' powers to freeze, block, or confiscate crypto assets
licensing BCB — VASP authorization, prudential supervision (designated authority since June 2023) In Brazil, CVM Resolution 88/2022 primarily regulates investment crowdfunding and provides a route that can be used for tokenization of securities, but securities tokens are now governed within a broader, dual‑track framework that also includes the Brazilian Virtual Assets Law and subsequent CVM guidance (such as Circular Letters on receivables‑backed and fixed‑income tokens). Law 14,478/2022 (Legal Framework for Virtual Assets) (2022) — VASP authorization and oversight Decree 11,563/2023 (2023) — BCB designated as supervisory authority CVM Resolution 88/2022 (2022) — Securities token regulation VASP: VASP authorization from BCB under Law 14,478/2022. Tiered capital: BRL 1M-5M (~$200K-$1M USD) depending on activity. 6-12 months timeline. Grandfathering period for existing operators with deadlines extending to 2025. Must establish local entity (CNPJ) with local director. CUSTODY: Included under VASP authorization; asset segregation required EXCHANGE: VASP authorization from BCB; CVM registration if dealing in securities tokens. Stablecoins pegged to BRL may require payment institution authorization.
securities The Brazilian Securities Commission (CVM) is actively developing a regulatory framework for tokenization, reflecting a growing recognition of digital assets within the traditional securities market. Brazil’s Securities Regulator Accelerates Tokenization Framework... Brazil has seen a significant surge in tokenization activities, with a reported 1,134% growth, highlighting the country's potential as a leader in digital asset regulation in Latin America. Brazil’s Securities Regulator Accelerates Tokenization Framework... The CVM launched a task force to draft a comprehensive tokenization framework within 60 days, aiming to provide clarity and legal certainty for market participants. Brazil Securities Regulator Launches Task Force to Draft... Brazil's regulatory landscape for cryptocurrencies and digital assets involves multiple agencies, with the Central Bank and anti-money-laundering authorities taking the lead, while the CVM's role in tokenized securities is more limited. The CVM has been exploring the application of existing securities laws to digital assets, balancing innovation with investor protection. Comparative Survey of Securities Laws (Brazil) Entities seeking to issue or trade digital assets as securities in Brazil must obtain a license from the CVM, subject to compliance with stringent disclosure and transparency standards. Brazilian Securities Commission (CVM) | ECI The CVM mandates robust Anti-Money Laundering (AML) and Know Your Customer (KYC) procedures for all entities dealing with digital asset securities to mitigate financial crime risks. Financial Sector Assessment Program : Brazil - IOSCO Objectives and Principles of Securities Regulation The CVM has initiated enforcement actions against entities that fail to comply with securities regulations, particularly in the context of unregistered digital asset offerings. International Securities Law and Regulation (Stock Exchange Listings in Brazil)
status Brazil regulatory status: comprehensive, framework-developing Central Bank of Brazil (BCB): Primary regulator; authorizes, supervises VASPs, sets operational rules, and handles licensing (e.g., Resolutions Nos 519, 520, 521 from November 2025; Joint Resolution No. 14). Securities and Exchange Commission of Brazil (CVM): Oversees cryptoassets qualifying as securities, including public offerings and trading. Financial Activities Control Council (COAF): Enforces AML/KYC reporting for suspicious activities. Federal Revenue of Brazil (RFB/Receita Federal): Manages tax reporting via DeCripto system, including foreign providers servicing Brazilian clients.
tax IN RFB 1,888 — monthly transaction reporting above BRL 30,000; 15% capital gains tax
travel rule Travel Rule adopted — threshold: BRL 30,000 (monthly reporting threshold to Receita Federal)

Sources

This report is AI-generated from publicly available regulatory sources. Last updated: 2026-09-22. View full profile