The Central Bank of Brazil requires crypto service providers to undergo financial audits and tightens licensing rules.

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Mars Finance News, according to Bits.media reports, the Central Bank of Brazil has tightened the licensing rules for virtual asset service providers, requiring them to pass an independent financial audit before obtaining operational approval starting June 1.
The audit firms must not only examine the company's financial condition but also review its compliance with anti-money laundering and counter-terrorism financing regulations, including whether the platform separates proprietary funds from customer assets, risk management methods, and employee training.
Auditors must be registered with the Brazilian Securities and Exchange Commission.
Cryptocurrency exchanges, brokerages, and custody services applying for a license for the first time must comply with these requirements from the start of the registration process, and companies with existing licenses must also undergo independent audits for renewal.
Brazil first explicitly regulated virtual asset services under the supervision of the central bank in legislation in 2022, and in November 2025, a licensed virtual asset service provider category was established.
Additionally, Brazil recently banned 28 betting and prediction market platforms, including Polymarket and Kalshi, citing non-compliance with local derivatives trading requirements.
Starting October 1, Brazilian electronic foreign exchange providers will no longer be allowed to use cryptocurrencies for international remittances.
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FloatingTeacupClub
· 8h ago
Brazil is really going all out this time, with audit requirements pushed to the max; small workshops are basically out of the game.
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FragmentGlowFlower
· 8h ago
Are all Polymarket platforms banned? Prediction market players are crying in despair.
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GlassDomeObservatory
· 8h ago
Both the initial approval and renewal are required; existing institutions also need to catch up, with no grandfather clause.
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RecedingTideReflection
· 8h ago
Fund separation + anti-money laundering + comprehensive training, this audit checklist is even longer than a DeFi protocol.
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PineLiquidityPool
· 8h ago
28 platforms blacklist, Kalshi is also on the list, compliant in the U.S. but still crashes in Brazil
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FloatingTeacup
· 8h ago
The entry threshold for CVM-registered auditors directly drives up costs—compliance becomes the moat.
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