The Central Bank of Brazil has announced a gradual regulatory roadmap that aims to bring crypto asset service providers operating at the institutional level under official supervision by 2027. This plan will especially cover platforms that offer infrastructure and serve corporate customers.
New Framework for Corporate Services
Within the scope of the announced regulation, a new audit system will be put into effect for institutions that provide digital asset infrastructure such as Ripple and Fireblocks and similar B2B-oriented companies. According to information provided by Antônio Marcos Guimarães, deputy head of the bank’s Regulatory Department, this step focuses on both providing legal clarity and covering companies operating outside traditional intermediary structures. Licensing practices that were recently initiated for retail transactions in Brazil are being moved to the institutional level with this new road map.
New Policies on Stablecoin Transfers
In parallel with institutional regulatory steps, authorities aim to limit the use of stablecoins as “dollar substitutes” in money transfers abroad. The national tax authority has proposed a 3.5 percent tax on stablecoin transactions. Additionally, the Central Bank recently introduced stablecoin transfers into its official foreign exchange transactions framework. Crypto service providers are now required to report foreign transfers and identify user wallets.
Expansion and Innovations in the Digital Asset Ecosystem
The 2027 target is the final phase of a long-term transformation process launched to align Brazil’s National Financial System with digital assets. The country has the largest cryptocurrency market in Latin America. According to data announced in 2024, digital asset transactions in the country reached a volume of over 318.8 billion dollars.
The Brazilian Central Bank’s approach to digital transformation draws attention with the recently launched Pix fast payment system and the central bank digital currency Drex, which is under development. Drex uses blockchain-based infrastructure for interbank payments. These based projects reinforce the country’s regional leadership in financial technologies.
In other news, international crypto exchange KuCoin announced that it has integrated Brazil’s Pix payment network with its KuCoin Pay service. This aims to open up new ways for Brazilian users to make instant crypto payments and use digital assets in daily life.
Raymond Ngai, manager of KuCoin Pay, stated that this integration will expand the digital financial layer in the country. In his statement, Ngai emphasized that KuCoin’s core mission is to integrate crypto into daily life.
As a result, the steps taken by Brazilian financial authorities to regulate the crypto asset ecosystem; It marks a new era in terms of transparency, legal control and the spread of financial technology. The regulations to be introduced for corporate services will contribute to the country’s crypto market keeping up with global standards.
