Brazil · 2025 · Resolution Partially in force
BCB Resoluções 519, 520 e 521/2025
Regulação de prestadores de serviços de ativos virtuais (PSAV), stablecoins e câmbio
Banco Central do Brasil (BCB)
The BCB resolutions operationalize VASP authorization, governance/AML/CFT and consumer-protection duties, stablecoin rules (full fiat/public-debt backing, algorithmic stablecoins prohibited), the Travel Rule (phased to 2027/2028), and integration of virtual assets into the FX regime.
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