Brazil Adopts OECD Crypto Reporting Framework in Regulatory Overhaul
Brazil's Receita Federal has implemented sweeping changes to its cryptocurrency oversight regime, aligning with the OECD's Crypto-Asset Reporting Framework (CARF). The move replaces the country's 2019 reporting system and establishes stricter AML/KYC requirements for both domestic and foreign exchanges serving Brazilian users.
The new DeCripto reporting platform becomes mandatory in July 2026, requiring foreign exchanges with Brazilian customers to disclose user activity directly to tax authorities. Domestic exchanges continue monthly reporting, while individuals face a slightly higher R$35,000 threshold for off-platform transactions.
This regulatory shift positions Brazil as a regional leader in crypto oversight, with enhanced cooperation among 70+ jurisdictions combating tax evasion and illicit finance. The framework specifically targets offshore platforms using Brazilian payment rails, domains, or localized marketing.
