Our partner Tiago Severo Gomes was featured in an article by Cointelegraph (with coverage in EXAME) on the new phase of crypto-asset oversight by the Brazilian Federal Revenue Service, with the entry into force of DeCripto (RFB Normative Instruction No. 2,291/2025).
In Tiago's view, crypto-asset oversight in Brazil has reached a new level. With DeCripto, the country aligns itself with the OECD's CARF, and the Federal Revenue Service gains broader visibility into transactions, users, service providers and flows involving virtual assets. The central points of the analysis:
- Stablecoins are no longer just a trading instrument. They have become consolidated as a global 24/7 payments infrastructure, with continuous, cross-border and virtually instant settlement.
- It is this gain in efficiency (for remittances, treasury and international movement of value) that explains the growth of the topic 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 "messenger" of foreign exchange. It transfers value and changes the ownership of the asset, which makes it a settlement layer using a virtual asset.
- DeCripto formalizes this change: it creates a more robust and standardized ancillary 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 the ability to report in a timely manner.
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 as part of the business design, will feel the delay.
