Brazil's Central Bank Subjects Crypto VASPs to the Same Regulatory Requirements as Securities Brokers
Svmuu News: The Central Bank of Brazil issued Resolution No. 580/2026, classifying companies that provide virtual asset services and the groups they lead as Category 3 institutions, subject to the same requirements as securities brokers, securities distributors, and foreign exchange brokers. Effective January 1, 2027, these institutions will be subject to prudential requirements, including risk management rules, capital requirements, and disclosure policies. By June 30, 2028, Virtual Asset Service Providers (VASPs) will be classified under Section 4 regardless of size and will not be eligible for the simplified compliance regime for low-risk institutions under Section 5. (Bitcoin.com News).
Source:Odaily · Source Link
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