The Central Bank of Brazil has published BCB Resolutions No. 519, 520 and 521, which structure the regulatory framework for virtual asset service providers (VASPs) and close the cycle of Public Consultations 109 and 110.
The rules define the authorization, incorporation, operation and prudential supervision regime for VASPs and integrate the virtual asset market into the National Financial System, under the same governance and compliance standards applicable to other supervised institutions.
See the official implementation timeline for the new rules, with deadlines ranging from February 2026 to February 2028, according to the published Resolutions.
PSNA has been following this process since the public consultations and continues to analyze the legal, regulatory and operational impacts of the new rules on the fintech, crypto-asset and payments ecosystem.
We will soon address the main implications and opportunities of the new regulatory framework.
PSNA team: Tiago Severo Gomes, Roberto Panucci, Diogo Nebias, Marcelo De Callis, Guilherme Teles, Fernanda Rangel
