Brazil enforced a school smartphone ban and the Central Bank finalised a crypto licensing framework that treats stablecoins as foreign exchange. New rules
Brazil's Central Bank (Resolutions 519-521) activated crypto licensing on 2 February, treating stablecoins as FX with $100k-$500k caps. VASPs must apply by 29 October; unlicensed platforms face banking cutoff after 30 October, forcing fintech decisions.
Regulatory Shifts
Brazil Crypto Licensing Rules Take Effect as School Phone Ban Beds In
Key Facts
—Crypto licensing. Central Bank Resolutions 519, 520 and 521 took effect on 2 February 2026, requiring virtual asset service providers to obtain authorisation and meet strict governance rules.
—Stablecoins. Purchases, sales, and certain cross-border transfers of stablecoins are now treated as foreign exchange operations.
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