Brazil
Legislation
Virtual Asset Framework (Decree 14,478/2022 + BCB regulations)
Authority
BCB
Overview
Latin America's largest stablecoin market shapes its framework
The big picture: Brazil's Central Bank (BCB) is developing stablecoin-specific regulations under the virtual asset framework established by Decree 14,478 (December 2022).
- BCB is the primary regulator with authority over prudential, licensing, and operational requirements
- Brazil is one of the largest stablecoin markets globally by transaction volume, driven by remittance flows, dollar demand, and fintech adoption
- USDT and USDC circulate widely through licensed exchanges (Mercado Bitcoin, Binance Brazil, Foxbit)
- Increasingly used for cross-border commerce
Why it matters: The consultation is expected to address issuance requirements, reserve standards, and interoperability with the PIX instant payment system and the DREX digital real pilot.
What's next: Specific stablecoin regulations are anticipated in late 2026.
Coming Soon
Detailed regulatory analysis
In-depth coverage of this jurisdiction's stablecoin framework is being developed for a dedicated satellite site in the Atlas network.
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