Is crypto legal in Brazil? Regulation & rules (2026)

Brazil's Federal Revenue Service issued Normative Instruction RFB No. 2,291, revoking the 2019 IN 1888 and modernizing mandatory crypto-transaction reporting; the new regime takes effect July 1, 2026, aligning reporting with the new VASP framework and international standards.

The Banco Central do Brasil published three resolutions implementing the 2022 Virtual Assets Law: authorization, constitution and operation of virtual-asset service providers (PSAVs), plus their treatment in the FX market. The framework establishes licensing, prudential and AML rules, with Resolution 519 effective February 2, 2026.

The BCB launched Public Consultations No. 109 and 110/2024 (followed by No. 111 on Nov 29) proposing the regulatory framework for virtual-asset service providers and their inclusion in the FX market, with contributions accepted until February 7, 2025.

Brazil's Legal Framework for Virtual Assets became effective 180 days after publication, formally bringing crypto-asset services under a national regulatory regime and into the scope of money-laundering and consumer-protection law.

The federal government issued Decree No. 11,563/2023 designating the Banco Central do Brasil as the authority to regulate, authorize and supervise virtual-asset service providers, while preserving the securities regulator (CVM) jurisdiction over tokens that qualify as securities.

The securities regulator CVM published Parecer de Orientação No. 40, consolidating its view on when crypto-assets qualify as securities subject to its jurisdiction, clarifying the boundary with the Central Bank and emphasizing disclosure and investor protection.

The CVM approved QR Capital's bitcoin ETF (ticker QBTC11), the first in Latin America; it began trading on the B3 exchange in June 2021, signaling regulatory acceptance of regulated crypto investment products.

The Federal Revenue Service issued Normative Instruction RFB No. 1,888, requiring exchanges and high-volume individuals/entities to report crypto operations monthly (effective Aug 1, 2019), establishing Brazil's first comprehensive crypto tax-transparency regime.