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