Brazil’s Central Bank Tightens Crypto Oversight with New AML/CFT Rules
Brazil’s central bank has unveiled comprehensive cryptocurrency regulations targeting money laundering and terrorist financing risks. The framework, set for implementation in February 2025, brings virtual asset service providers under stringent financial sector oversight.
Stablecoins face particular scrutiny, with fiat-pegged tokens now classified as foreign exchange operations. The rules expand consumer protections while imposing transparency and security requirements on crypto platforms—closing gaps that allowed some operators to evade proper supervision.
This regulatory push builds upon Brazil’s 2022 crypto law, finally providing the enforcement mechanisms absent in earlier legislation. The measures aim to curb illicit cross-border flows while legitimizing digital asset markets through institutional-grade safeguards.
