Our partner Tiago Severo Gomes was featured in a Valor Econômico S/A article on the National Monetary Council's decision to include Virtual Asset Service Providers in the banking secrecy regime under Complementary Law No. 105/2001.
In the published analysis, Tiago highlighted a central technical point: the secrecy requirement does not reduce the transparency inherent in blockchain technology.
The duty of confidentiality applies to registration and transactional information obtained through KYC and the client relationship: not to public on-chain records.
The measure reinforces the integration of crypto brokers into the Central Bank's regulatory perimeter, raising standards of governance, internal controls and institutional accountability.
It is a further step in consolidating the digital asset market on regulatory foundations equivalent to those of traditional financial institutions.
