Brazil: Remaining provisions of resolution No. 521 extending foreign exchange framework to cover activities and operations of virtual asset service providers enter into force

On 4 May 2026, the remaining provisions of Resolution No. 521, which extend the foreign exchange framework to cover the activities and operations of virtual asset service providers, entered into force. These include Article 76-C and Article 82-A of BCB Resolution No. 277 of 31 December 2022, Annex II-A added by Article 2, the amendments to Annex V introduced by Article 3, and the amendments to BCB Resolutions Nos. 278 and 279 of 31 December 2022 introduced by Article 4. Implementation of these provisions requires institutions authorised to operate in the foreign exchange market, as well as companies providing virtual asset services, to submit the information listed in Annex II-A on virtual asset service operations by the fifth day of the following month. The entry into force also activates the updated special-operation purpose codes in Annex V and the amended rules on external credit operations involving virtual assets referenced in fiat currency, foreign direct investment in virtual assets, automatic capture of amounts in foreign exchange transactions, and compliance obligations for Brazilian capital held abroad in virtual assets.