The Central Bank of Brazil identified inconsistencies related to share capital in approximately 30% of authorization applications submitted by cryptocurrency companies. The situation highlights the challenges exchanges and other virtual asset service providers face in complying with the new rules governing the Brazilian market.

The information became public on Tuesday (10) during ABRACAM Speech 2026 in São Paulo. On the occasion, Ailton de Aquino Santos, the Central Bank’s Director of Supervision, expressed concern about companies that applied for licenses without presenting capital commensurate with regulatory requirements.

The issue arises at a decisive moment for cryptocurrency regulation in Brazil. After all, the Central Bank has already received 120 authorization requests, while institutions must demonstrate that they meet the financial and operational requirements to operate within the rules.

During the panel “Supervision in Transition: The Challenges of Oversight,” Ailton de Aquino highlighted that a significant number of cryptocurrency companies had submitted applications that did not meet the parameters established by the regulations.

#Criptomoedas #Brazil