These updates come amid high pressure on exchanges to implement the new requirements.
The Central Bank of Brazil updated the regulatory framework for the digital assets industry through two resolutions
They extended the deadline to 540 days for cryptocurrency service providers to make adjustments.
The bank extended to January 2027 the reports on transfers to self-custody wallets.
The Central Bank of Brazil has formalized an update to its regulatory framework by reordering the administrative deadlines belonging to entities operating in the digital assets market. The financial authority extended the maximum time to issue decisions on corporate modifications in the sector.
The measure was formalized through Resolution BCB No. 594, approved on September 30, 2026, and published today, October 2. The regulation adjusts the assessment of acts classified as risk level III.
This category explicitly includes virtual asset service providers (VASPs), a regulatory term covering providers engaged in the brokerage, custody, or trading of cryptocurrencies and digital assets in the country.
With this change, the agency’s deadline for ruling on applications to change business model, transfer corporate control, merge or split companies, or alter their corporate purpose increased from 360 to 540 days. The new time limits apply to applications filed from the date the regulation takes effect.
The framework left the maximum time limits for initial operating authorization applications unchanged. For platforms that were operating before the regulatory framework took effect, the assessment period remains 1,080 days, while newly established entities have a 720-day limit.
This adjustment to institutional deadlines comes amid a reorganization of the local market. Minimum capital requirements and the licensing process, ahead of the October 30, 2026 deadline, led to the restructuring of the commercial activities of platforms such as Digitra, Coinext, and Bitso.
On the same date, the regulator approved Resolution BCB No. 591, which addresses operational reporting obligations. The provision states that reports on transfers to or from self-custody wallets will not be processed immediately, but will instead be submitted in batches in early 2027.
“Transactions involving transfers of virtual assets to or from self-custody wallets with a value equal to or greater than the equivalent of USD 10,000 (ten thousand United States dollars).” The regulation establishes a transition period for consolidating these records before submitting them to the Council for Financial Activities Control (COAF).
The specified period covers private transfers and “foreign currency exchange transactions involving the delivery or receipt of cash with a value equal to or greater than USD 10,000.” The regulation also states that “Resolution BCB No. 588, dated September 23, 2026, is hereby repealed,” replacing the previous rules.
This postponement is particularly significant at present because the repealed Resolution 588 was part of the regulatory package approved by the Central Bank of Brazil to increase oversight of self-custodied funds and improve the traceability of digital assets leaving the ecosystem of authorized platforms, as reported by CriptoNoticias.
With Resolution 591 repealing and replacing it, virtual asset service providers are granted additional time to adapt their systems before mandatory reporting of transfers to or from private wallets begins on the first business day of January 2027.
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