Our Partner Tiago Severo Gomes was featured in an article in Valor Econômico on the Central Bank's regulatory requirements for crypto companies, which reveals a problem that is becoming evident in the sector: many companies underestimated what it means to operate in a regulated market.
Governance, controls, operational structure, compliance, capital.
This is the standard the Central Bank is making clear to virtual asset service providers.
And there is an important detail: there is a deadline.
Beginning October 30, 2026, unauthorized institutions will not be permitted to provide virtual asset services in Brazil.
Regulatory transitions like this one typically produce two movements in the market:
- some companies manage to adapt;
- others discover that building the entire regulatory structure takes time and capital.
That is when M&A ceases to be an expansion strategy and becomes a strategy for entry or survival.
Read the article in Valor Econômico.




