VPBG - Insights

BACEN amends reporting rules for VASPs and other authorized institutions

Mon, 19 Oct 2026 00:00:00 GMT

The Central Bank of Brazil ("BACEN") issued BCB Resolution No. 589 (the "Resolution") on September 23, 2026, amending BCB Resolution No. 520/2025 to adjust the information reporting obligations applicable to virtual asset service providers ("VASPs") and other authorized institutions operating in this market.

BlackRock identifies AI as a potential catalyst for digital asset adoption

Tue, 13 Oct 2026 00:00:00 GMT

BlackRock, the world's largest asset manager, recently published the report The Machine-Native Economy (the "Report"), in which it argues that the widespread adoption of artificial intelligence (AI) could become a significant and still underestimated source of demand for digital assets. According to the study, the convergence of AI and blockchain technology could expand the economic utility of digital assets and strengthen their role as infrastructure for the digital economy.

BACEN expands mandatory reporting requirements to COAF for virtual assets and cash foreign exchange transactions

Thu, 08 Oct 2026 00:00:00 GMT

The Central Bank of Brazil ("BACEN") published, on October 1, 2026, BCB Resolution No. 591 (the "Resolution"), which amends Circular No. 3,978/2020 and repeals BCB Resolution No. 588, including among the circumstances subject to mandatory reporting to the Council for Financial Activities Control ("COAF") transfers of virtual assets to or from self-hosted wallets and foreign exchange transactions involving cash, in both cases involving amounts equal to or exceeding the equivalent of US$10,000 (ten thousand U.S. dollars).

CADE launches public consultation on proposed reform of its Internal Rules

Fri, 02 Oct 2026 00:00:00 GMT

The Administrative Council for Economic Defense (“CADE”) has launched a public consultation on a broad reform of its Internal Rules (“RICADE”). Although the proposal preserves the authority’s institutional structure and core powers, it introduces significant changes to how CADE plans its activities, conducts proceedings, and engages with third parties. The proposed text seeks to consolidate rules currently scattered across different resolutions, formalize existing practices, and enhance the transparency and predictability of CADE’s activities.

CADE opens public consultation to update Resolution No. 33/2022 and proposes significant changes to merger control notification rules

Wed, 30 Sep 2026 00:00:00 GMT

The Administrative Council for Economic Defense (“CADE”) has launched a public consultation to discuss amendments to Resolution No. 33/2022, which governs merger control notification requirements. The proposal seeks to provide greater predictability regarding notification criteria and reduce the number of transactions subject to pre-merger control, without changing the statutory turnover thresholds.

STJ has recognized the validity of using cryptocurrencies

Tue, 15 Sep 2026 00:00:00 GMT

The Brazilian Superior Court of Justice ("STJ") has recognized the validity of using cryptocurrencies as a form of consideration in contracts entered into between private parties. In its ruling in Special Appeal No. 2,235,558/SC on August 18, 2026, the Third Panel upheld the validity of a contractual provision providing for the transfer of cryptocurrencies as part of the payment for the acquisition of assets.

BACEN expands fraud prevention rules and introduces a precautionary hold for virtual asset transfers

Fri, 11 Sep 2026 00:00:00 GMT

The Central Bank of Brazil ("BACEN") published, on August 7, 2026, BCB Resolution No. 584 (the "Resolution"), which amends BCB Resolution No. 142/2021 to expand the framework of procedures and controls aimed at preventing fraud, extending its scope to cover the provision of virtual asset services.

BACEN issues resolution regulating succession policies for senior management positions

Wed, 05 Aug 2026 00:00:00 GMT

The Central Bank of Brazil (“BACEN”) issued BCB Resolution No. 576 (the “Resolution”) on June 23, 2026, establishing rules governing the implementation of succession policies applicable to senior management positions within certain institutions.

CADE’s Tribunal Decides on the Admissibility of Foreign-to-Foreign Transactions

Wed, 29 Jul 2026 00:00:00 GMT

The Administrative Council for Economic Defense (“CADE”) Tribunal has concluded its review concerning a potential change in the interpretation of the notification requirements applicable to foreign-to-foreign transactions.

BACEN issues new resolution expanding access to foreign currency deposit accounts in Brazil

Mon, 27 Jul 2026 00:00:00 GMT

The Central Bank of Brazil (“BACEN”) issued, on June 18, 2026, BCB Resolution No. 575, amending BCB Resolutions No. 277 and No. 278 to expand the circumstances under which foreign currency deposit accounts may be opened and operated in Brazil.