Brazil's Central Bank Introduces Stricter Regulations for Crypto Firms

Brazil's Central Bank (BCB) has introduced new regulations for virtual asset service providers (VASPs), aiming to strengthen the country's crypto industry.

The regulations, which come into effect on February 2, 2026, require VASPs to hold between R$10.8 million and R$37.2 million in capital, roughly $2 million to $7 million.

This is a significant increase from the initially proposed amount during public consultations and marks a shift towards treating crypto firms as traditional financial institutions.