Brazil Central Bank Places Crypto VASPs Under Same Regulatory Requirements as Securities Brokers
2026-07-03 07:35
Odaily Planet Daily News: The Central Bank of Brazil has issued Resolution No. 580/2026, classifying companies providing virtual asset services and their controlling groups as Type 3 institutions, subject to the same requirements applicable to securities brokers, securities distributors, and foreign exchange brokers. Starting January 1, 2027, these institutions will be required to comply with prudential requirements such as risk management rules, capital requirements, and information disclosure policies. By June 30, 2028, VASPs, regardless of size, will be placed under Segment 4 and will not be eligible for the simplified compliance regime of Segment 5 for low-risk institutions. (Bitcoin.com News).
