Policy Reference

Brazil Crypto Regulation

Explore Brazil’s crypto laws, including exchange oversight, taxes, AML rules, and how digital assets are regulated.

Central Bank of Brazil, BCB
Status
Topic
Law Type
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Law database

15 law profiles

Law / Bill
Draft Intro Committee Passed Enacted Effective
Brazil Law No. 9,613/1998 AML Regime for VASPs Lei nº 9.613/1998, as amended by Lei nº 14.478/2022 Effective Details Draft Draft: Completed Intro Introduced: Completed Committee In committee: Completed Passed Passed: Completed Enacted Enacted: Completed Effective Effective: Current

Lei nº 9.613, de 3 de março de 1998, que dispõe sobre crimes de lavagem ou ocultação de bens, direitos e valores e cria o Coaf

Brazil’s AML Law applies customer identification, recordkeeping, internal controls and Coaf reporting duties to VASPs after Law No. 14,478/2022.

Last action: Feb 2, 2026 - BCB rules largely in force

Next: Oct 30, 2026 - Existing VASP authorization deadline

Profile Law No. 9,613/1998 updated text Milestone source
Brazil Law No. 14,754/2023 Offshore Crypto Asset Tax Regime Lei nº 14.754, de 12 de dezembro de 2023 Effective Details Draft Draft: Completed Intro Introduced: Completed Committee In committee: Completed Passed Passed: Completed Enacted Enacted: Completed Effective Effective: Current

Lei nº 14.754/2023 — tributação de aplicações financeiras, entidades controladas e trusts no exterior

Applies Brazil’s offshore-income tax regime to qualifying virtual assets, digital wallets, controlled entities, and trusts, with RFB guidance on crypto classification and location.

Last action: May 31, 2024 - Asset update deadline

Profile Law No. 14,754/2023 — updated text
Brazil Penal Code Virtual Asset Fraud Amendments Law No. 14,478/2022, art. 10; Penal Code art. 171-A Effective Details Draft Draft: Completed Intro Introduced: Completed Committee In committee: Completed Passed Passed: Completed Enacted Enacted: Completed Effective Effective: Current

Lei nº 14.478, de 21 de dezembro de 2022, art. 10, amending the Penal Code to add art. 171-A on fraud using virtual assets, securities, or financial assets

Brazil’s Law No. 14,478/2022 added Penal Code art. 171-A, creating a fraud offense involving virtual assets, securities or financial assets, with four to eight years’ imprisonment and a fine. The amendment has been in force since June 20, 2023.

Last action: Jun 20, 2023 - Penal Code amendment in force

Profile Law No. 14,478/2022 — Publication Original
Brazil CVM Guidance Opinion 40 on Crypto Assets and Securities Markets Parecer de Orientação CVM nº 40/2022 Effective Details Draft Draft: Completed Intro Introduced: Completed Committee In committee: Completed Passed Passed: Completed Enacted Enacted: Completed Effective Effective: Current

Parecer de Orientação CVM nº 40, de 11 de outubro de 2022 — Os CriptoAtivos e o Mercado de Valores Mobiliários

Brazil’s CVM guidance explains when crypto assets or tokens may be treated as securities, including collective investment contracts, and how offerings, intermediaries, disclosure, custody, funds and sandbox activity fit within CVM rules.

Last action: Jun 14, 2023 - CVM clarifies virtual-asset decree

Profile Parecer de Orientação CVM 40 (PDF)
Inactive 1
Brazil IN RFB 1,888/2019 Crypto Asset Reporting Regime IN RFB nº 1.888/2019 Repealed Details Draft Draft: Completed Intro Introduced: Completed Committee In committee: Completed Passed Passed: Completed Enacted Enacted: Completed Effective Effective: Inactive

Instrução Normativa RFB nº 1.888, de 3 de maio de 2019

Brazil’s former Receita Federal crypto-asset reporting regime required domestic exchanges and certain residents to report crypto transactions. Effective Aug. 1, 2019; repealed from July 1, 2026.

Last action: Jul 1, 2026 - Repeal took effect

Profile IN RFB 1,888/2019 - Diário Oficial da União

Information is for general purposes only and not legal advice. See full disclaimer.