Law 14,478/2022 effective June 20, 2023; Public Consultations 109/110 issued November 8, 2024 (comment period ended February 7, 2025); Resolutions 519/520/521 published November 10, 2025; framework becomes live February 2, 2026 with reporting mandatory May 4, 2026; fiat-backed stablecoins classified as foreign exchange operations; 1:1 fiat reserve backing required; stablecoins treated same as FX under banking-grade oversight; SPSAVs (virtual asset service providers) must be BCB-authorized; transfers to unlicensed foreign entities limited to $100,000; self-custody wallet transfers to licensed providers subject to AML monitoring; stablecoin transactions must now appear in Brazil's official balance-of-payments data.
Applicable Laws:
The Virtual Assets Act (Law 14,478/2022) (In Force) - https://www.demarest.com.br/wp-content/uploads/2025/11/Demarest_BC_regulamenta_a_prestacao_de_servicos_de_ativos_virtuais_EN.pdf
