Brazil’s central bank is moving forward with a new regulatory framework for institutional virtual asset service providers (VASPs). The plan outlines clear rules for licensing, compliance, and supervision, with phased implementation set to continue through 2027. The goal is to bring stronger oversight to crypto firms operating in the country. Officials also aim to tighten anti-money laundering standards and improve operational requirements, helping create a safer and more structured environment for the growing digital asset market.
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