The Central Bank of Brazil issues cryptocurrency regulatory rules, setting a maximum capital threshold of 7 million dollars

The Central Bank of Brazil officially announced a regulatory framework for the cryptocurrency industry, requiring all Virtual Asset Service Providers (VASPs) to obtain a central bank license and hold a minimum capital ranging from 10.8 million to 37.2 million reais (approximately 2 million to 7 million USD) based on their business type.

The new regulations bring cryptocurrency activities under the supervision of foreign exchange and capital markets, requiring companies to regularly report cross-border transaction data and imposing restrictions on transactions involving stablecoins, self-custody wallets, and crypto-to-fiat exchanges.