Brazil’s Central Bank Introduces Stricter Crypto Regulations To Combat Scams And Fraud
Brazil’s central bank has unveiled comprehensive guidelines to regulate the country’s cryptocurrency market, targeting scams and money laundering. The move follows the 2022 legal framework for cryptocurrencies, which awaited further regulatory measures. Four public consultations informed the new rules.
Gilneu Vivan, the central bank’s regulation director, stressed the regulations aim to curb fraud and misuse of VIRTUAL assets. Set to take effect in February 2026, the rules will govern authorization for foreign-exchange brokers, securities brokers, and virtual-asset service providers.
Stablecoin transactions pegged to fiat currencies will now be classified as foreign exchange operations. The same applies to international crypto payments or transfers, including those settling obligations.
