Brazil's New Crypto Regulatory Framework Approaches 2027 Deadline

Brazil is approaching a regulatory shift for crypto assets, with a deadline of October 30, 2026, for platforms to file authorization requests with the Central Bank. Starting January 1, 2027, new prudential regulations will align these platforms with traditional securities brokers and introduce a 24-hour hold on certain transfers to self-custody wallets or foreign entities. While earlier proposals in 2024 suggested banning transfers of foreign-denominated assets like Tether (USDT) or USD Coin (USDC) to self-custody, the final regulations under Resolution BCB No. 584 are significantly more moderate.