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LatinNews Daily - 11 November 2025
In brief: Brazil’s central bank tightens rules for cryptocurrency
*Brazil’s central bank (BCB) has updated its regulations for companies that provide financial services relating to virtual assets and cryptocurrency. According to a BCB press release, the new regulations are aimed at boosting security and preventing money laundering, among other objectives. Companies will be required to officially register as virtual asset service providers (SPSVAs) to continue operating in Brazil. The BCB’s new rules mandate that Brazilian virtual asset service providers can operate in the foreign exchange market but any transactions of virtual assets to a counterparty that is not authorised to operate in the foreign exchange market are limited to a value of up to US$100,000. The new rules for SPSVAs will begin to be implemented from 2 February 2026 onwards. By 4 May 2026 virtual asset brokers and other firms must have submitted all information about their foreign capital operations to the BCB.
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