Brazil’s Crypto Regulation: $319B Market Faces October Licensing Deadline

Brazil’s central bank is moving to formalize oversight of the country’s $318.8 billion crypto market, requiring all virtual asset service providers to submit license applications by October 30, 2026. The rule, detailed in a new CertiK report, covers firms that trade, custody, or transfer digital assets for customers.

Applicants must include an independent assurance report covering anti-money-laundering and sanctions controls. Minimum capital requirements range from roughly $2 million to $6.7 million, depending on the license category. The framework flows from Brazil’s Law 14,478/2022 and central bank resolutions published in November 2025.