Brazil's $318.8 Billion Crypto Market Faces Licensing Deadline; Service Providers Must Apply by October 30, 2026
2026-08-10 18:00
Odaily Planet Daily News: Brazil's crypto market recorded $318.8 billion in on-chain transaction value over the past 12 months, ranking fifth globally in cryptocurrency adoption, with nearly one-third of Latin America's related activity conducted through Brazilian wallets and platforms. Blockchain security firm CertiK stated that virtual asset service providers must submit authorization applications to the Central Bank of Brazil (BCB) by October 30, 2026, accompanied by independent audit reports.
The Central Bank of Brazil issued three resolutions on November 10, 2025, clarifying the licensing scope, minimum capital requirements, and foreign exchange rules for virtual asset service providers. Minimum capital requirements for different license categories range from approximately R$10.8 million to R$37.2 million. Among the roughly 120 current service providers, most have yet to obtain formal licenses, and overseas operators must relocate their operations to Brazil within 270 days.
Approximately 80% of Brazil's declared cryptocurrency transaction volume is settled through dollar-pegged tokens, with USDT accounting for 88.7% of that share. Total stablecoin transaction volume from 2019 to 2025 reached R$1.13 trillion. CertiK statistics show that in the first half of 2026, the crypto industry suffered $1.32 billion in losses due to hacker attacks and exploits, involving 344 incidents. (Decrypt)
The Central Bank of Brazil issued three resolutions on November 10, 2025, clarifying the licensing scope, minimum capital requirements, and foreign exchange rules for virtual asset service providers. Minimum capital requirements for different license categories range from approximately R$10.8 million to R$37.2 million. Among the roughly 120 current service providers, most have yet to obtain formal licenses, and overseas operators must relocate their operations to Brazil within 270 days.
Approximately 80% of Brazil's declared cryptocurrency transaction volume is settled through dollar-pegged tokens, with USDT accounting for 88.7% of that share. Total stablecoin transaction volume from 2019 to 2025 reached R$1.13 trillion. CertiK statistics show that in the first half of 2026, the crypto industry suffered $1.32 billion in losses due to hacker attacks and exploits, involving 344 incidents. (Decrypt)
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