Brazil Moves to Enforce Central Bank Crypto Rules as Federal Law
- Federal Deputy Jonas Donizette introduced Bill No. 2946/2026 to regulate crypto services in Brazil.
- The bill aims to codify Resolution No. 519 of the Central Bank from 2025, ensuring statutory stability for virtual asset service providers (VASPs).
- The Chamber of Deputies is set to debate the bill, which mandates registration with a relevant regulator for offering crypto services.
- Local media reports mixed reactions, noting potential increased vigilance over VASPs but also greater market stability.
Bill No. 2946/2026 seeks to transform existing Central Bank resolutions into law, impacting how VASPs operate in Brazil’s crypto market. This legislative move is expected to create a more stable regulatory environment.
By enforcing mandatory registration and codifying existing regulations, the bill aims to enhance legal clarity and operational consistency for VASPs in Brazil’s evolving cryptocurrency landscape. (Source)
