Brazil’s Central Bank Introduces Landmark Crypto Licensing Rules

Brazil’s central bank has unveiled its most comprehensive crypto regulations, creating a formal licensing regime for service providers and classifying digital assets under foreign exchange and capital market laws.

The framework, effective February 2, 2025, requires firms to hold up to $7 million in capital, with nine months to comply. Regulators say the rules balance innovation and security.

However, some crypto industry players have criticized the high capital bar and timeframes. The move represents Banco Central do Brasil’s boldest step toward regulating the nation’s booming crypto sector.

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