AMERICAS · JURISDICTION PROFILE
Brazil
Overview
Brazil's Law 14.478/2022 established a legal framework for virtual-asset service providers and designated the Banco Central do Brasil (BCB) as the authorising and supervisory body, while the securities regulator CVM oversees tokens that qualify as securities.
Regulatory framework
The BCB is finalising the authorisation regime for VASPs — covering exchange, transfer, custody and administration — following public consultations.
Licensing & authorisation
VASPs will require BCB authorisation once the implementing rules take effect; security-tokens fall under CVM rules.
AML & Travel Rule
AML obligations apply to VASPs; Travel Rule requirements are expected within the BCB's implementing framework.
Track developments
This jurisdiction isn't yet on the live wire (its regulator doesn't publish a machine-readable feed) — follow the regulator directly.
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