Our partner Tiago Severo Gomes was featured in a Cointelegraph article (also picked up by EXAME) on the new phase of crypto-asset oversight by the Federal Revenue Service, with the entry into force of DeCripto (RFB Normative Instruction No. 2,291/2025).
For Tiago, crypto-asset oversight in Brazil has reached a new level. With DeCripto, the country aligns with the OECD's CARF, and the Federal Revenue Service gains expanded visibility over transactions, users, service providers and flows involving virtual assets. The key points of the analysis: Stablecoins are no longer just a trading instrument. They have become established as global 24/7 payment infrastructure, with continuous, cross-border and virtually immediate settlement.
• It is this efficiency gain (for remittances, treasury and international movement of value) that explains the topic's growth in Brazil.
• There is a distinction that often goes unnoticed: when a stablecoin is used for international settlement, it does not act as a mere foreign-exchange "messenger". It transfers value and changes ownership of the asset, which makes it a settlement layer with a virtual asset.
• DeCripto formalizes this change: it creates a more robust and standardized ancillary reporting obligation, expanding the Federal Revenue Service's visibility over the crypto ecosystem.
• In practice, companies, investors and virtual asset service providers need to invest in data governance, audit trails, registration controls, correct classification of assets and timely reporting capability.
The market is entering a phase in which innovation, tax compliance, AML/CFT and regulatory supervision go hand in hand. Those who treat this as a back-office responsibility, rather than part of the business design, will feel the delay.
