Brazil VASPs Face Broker-Level Rules Under Resolution 580/2026
2026-07-03 15:35

Woofun AI reports that the Central Bank of Brazil issued Resolution No. 580/2026, classifying virtual asset service providers and their controlling groups as Type 3 institutions. This designation subjects them to regulatory requirements identical to those for securities brokers, distributors, and foreign exchange brokers. Effective January 1, 2027, these entities must comply with prudential standards covering risk management, capital adequacy, and information disclosure. By June 30, 2028, all VASPs will be categorized under Segment 4, eliminating eligibility for the simplified compliance regime reserved for low-risk Segment 5 institutions.

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