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Brazil’s central bank (monetary authority) advances crypto oversight with phased rules through 2027

The framework targets institutional virtual asset service providers (VASPs, crypto service providers), setting licensing, compliance, and supervisory standards with implementation staged through 2027.

Summary

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Terms & Concepts
  • Virtual Asset Service Provider (VASP): A crypto service company handling exchanges, brokerage, or custody of digital assets.
  • Licensing regime (for crypto firms): A formal authorization process requiring firms to meet operational, security, and governance standards before offering services.
  • Supervisory standards: Ongoing oversight rules enabling regulators to monitor compliance, risk controls, and customer protections.