---
type: city
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "south_america", "fatf", "legal"]
aliases: ["BR-SP", "BRA-SP", "Sao Paulo"]
created: 2026-04-13
updated: 2026-04-02
compile_into: ["[[country--brazil]]"]
sources:
  - name: "Banco Central do Brasil / CVM"
    url: "https://www.gov.br"
    type: "official"
  - name: "Law 14,478/2022 and Central Bank of Brazil regulations"
    url: "https://www.gov.br"
    type: "framework"
---

# 🇧🇷 [[city--s-o-paulo|São Paulo]] (BR-SP) — Crypto Regulation

> Cryptocurrency is legal in São Paulo, Brazil, regulated under Law 14,478/2022 and Central Bank of Brazil regulations. The regulatory environment supports crypto activities with clear frameworks in place.

## Overview

| Field | Value |
|-------|-------|
| Status | Legal |
| Sub-jurisdiction of | [[country--brazil|Brazil]] |
| Risk Score | 30/100 (Moderate Risk) |
| Enforcement Level | Moderate |
| Region | [[domain--south-america|south america]] |
| Currency | [[entity--brl|BRL]] |

## Tax

| Type | Rate |
|------|------|
| Capital Gains (Personal) | 15% capital gains tax |
| Capital Gains (Corporate) | 25% corporate tax on crypto gains |
| VAT on Crypto | No |
| Mining Tax | Taxed as business income |
| Staking Tax | Taxed as income at personal or corporate rates |
| Airdrop Tax | Taxed as income |

Crypto gains are subject to capital gains tax (15% personal, 25% corporate). Staking and mining income are taxed as regular income. VAT does not apply to crypto transactions.

## Licensing

| Field | Value |
|-------|-------|
| Required | Yes |
| Regulator | [[entity--banco-central-do-brasil|Banco Central do Brasil]] / CVM |
| Framework | Law 14,478/2022 and Central Bank of Brazil regulations |
| Ease | medium |
| Cost | N/A |
| Timeline | N/A months |

Licensing is mandatory for crypto service providers, including exchanges and wallet providers, under the Central Bank's regulatory framework.

## AML / KYC

| Field | Value |
|-------|-------|
| KYC Required | Yes |
| Travel Rule | Yes |
| [[concept--fatf|FATF]] Member | No |
| FATF Status | fsrb_only |

## DeFi

**Status:** regulated

DeFi activities are regulated under the same framework as other crypto services, requiring compliance with AML and licensing rules.

## Stablecoins

**Status:** regulated

Stablecoins are regulated under the Central Bank's framework, requiring issuers to comply with financial regulations and licensing.

## NFTs

**Status:** no_rules

No specific NFT regulation

## Mining

| Field | Value |
|-------|-------|
| Legal | Yes |
| Electricity Cost | $0.09/kWh |
| Renewable Energy | 40% |
| Climate | tropical |
| Infrastructure | good |

Mining is legal and benefits from relatively low electricity costs and a significant share of renewable energy. Infrastructure in São Paulo is well-developed for mining operations.

## Geopolitics

| Field | Value |
|-------|-------|
| Stability | stable |
| Sanctions | No |
| Corruption Index | 43/100 |
| Ease of Business | moderate |
| Internet Freedom | free |
| Banking Access | moderate |

## Enforcement

Enforcement focused on unlicensed operators and consumer protection

## CBDC Status: pilot

---

*Data source: [Soken Crypto Legal Map](https://soken.io/crypto-map/). Last reviewed: 2026-04-13.*

**Sources:**
- [Banco Central do Brasil / CVM](https://www.gov.br)
- [Law 14,478/2022 and Central Bank of Brazil regulations](https://www.gov.br)