โ ๏ธ๐ฅโ๏ธ ๐๐๐ก๐๐ข ๐๐๐ก๐ง๐ฅ๐๐ DO BRASIL WILL ๐๐ก๐๐ข๐ฅ๐๐ THE CUSTODY RULES FOR CRYPTO ๐๐ฆ ๐ฅ๐๐ค๐จ๐๐ฅ๐๐ โ
Central Bank Resolution 520 is taking center stage in Brazilโs regulatory debate. On September 2nd, Anbima will bring together the Central Bank, Itaรบ, BTG Pactual, and Bradesco to discuss how the new rules for crypto-asset custody will be applied in practice.
๐ฅ Time is running out.
The rule is already formally in effect since February, but the operational requirements take effect in October 2026. Anyone operating with crypto intermediation or custody in Brazil will need to adapt, or could lose authorization to operate.
Resolution 520 divides virtual asset service providers into three groups:
โธ INTERMEDIARIES
โธ CUSTODIANS
โธ BROKERS
And the focus now is on five critical points:
Asset segregation
Proof of reserves
Custodian responsibility
Governance of private keys
Use of third parties
In practice, the Central Bank wants to prevent the customerโs money from mixing with the companyโs cash and require institutions to periodically prove that they truly hold the assets they claim to custody. Private keys will also need to follow auditable controls.
๐ Anbima had already anticipated this direction in April, with guidance on asset segregation, the private key lifecycle, and contracts with third parties.
The regulatory impact is already showing up in the market. The report cites Central Bank data showing a 58% drop in demand for crypto-assets in Brazil in Julyโa move analysts associate with companiesโ early adaptation to the new rules.
๐ฅ The message is clear:
Crypto custody in Brazil is no longer an informal territoryโitโs moving toward a model much more similar to the traditional financial system.
โ๏ธ $BTC โ๏ธ
๐ Will this increase investor confidence or will it concentrate the market in the hands of the big banks?
#cripto #brasil #crypto
Central Bank Resolution 520 is taking center stage in Brazilโs regulatory debate. On September 2nd, Anbima will bring together the Central Bank, Itaรบ, BTG Pactual, and Bradesco to discuss how the new rules for crypto-asset custody will be applied in practice.
๐ฅ Time is running out.
The rule is already formally in effect since February, but the operational requirements take effect in October 2026. Anyone operating with crypto intermediation or custody in Brazil will need to adapt, or could lose authorization to operate.
Resolution 520 divides virtual asset service providers into three groups:
โธ INTERMEDIARIES
โธ CUSTODIANS
โธ BROKERS
And the focus now is on five critical points:
Asset segregation
Proof of reserves
Custodian responsibility
Governance of private keys
Use of third parties
In practice, the Central Bank wants to prevent the customerโs money from mixing with the companyโs cash and require institutions to periodically prove that they truly hold the assets they claim to custody. Private keys will also need to follow auditable controls.
๐ Anbima had already anticipated this direction in April, with guidance on asset segregation, the private key lifecycle, and contracts with third parties.
The regulatory impact is already showing up in the market. The report cites Central Bank data showing a 58% drop in demand for crypto-assets in Brazil in Julyโa move analysts associate with companiesโ early adaptation to the new rules.
๐ฅ The message is clear:
Crypto custody in Brazil is no longer an informal territoryโitโs moving toward a model much more similar to the traditional financial system.
โ๏ธ $BTC โ๏ธ
๐ Will this increase investor confidence or will it concentrate the market in the hands of the big banks?
#cripto #brasil #crypto
