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Crypto Regulation in Brazil

Legal

Brazil enacted the Legal Framework for Virtual Assets (Law 14,478/2022) in December 2022, providing comprehensive crypto regulation. The Central Bank of Brazil (BCB) was designated as the primary regulator for crypto asset service providers. The CVM oversees crypto securities.

Region: South AmericaCurrency: BRLAdoption Rank: #9Risk Score: 30/100

Tax Information

Capital Gains (Personal)
15%-22.5% progressive CGT on monthly gains above R$35,000 from crypto disposals
Capital Gains (Corporate)
15%-34% (IRPJ + CSLL + additional 10% on profits above R$240k/year)
VAT on Crypto
No
Staking Tax
Taxable as income; reported on annual declaration
Airdrop Tax
Taxable at fair market value when received
Mining Tax
Taxed as income at applicable personal or corporate rates
Summary
Brazil taxes crypto gains progressively: 15% on gains up to R$5M, 17.5% on R$5M-R$10M, 20% on R$10M-R$30M, and 22.5% above R$30M per month. Gains below R$35,000 in monthly disposals are exempt. The Receita Federal requires detailed crypto reporting through the monthly GCAP and annual declaration. Exchanges must report transactions above R$30,000.

Licensing & Registration

License Required
Yes
Regulator
BCB / CVM (Banco Central do Brasil / Comissão de Valores Mobiliários)
Framework
Law 14,478/2022 (Legal Framework for Virtual Assets); Decree 11,563/2023
License Types
Virtual Asset Service Provider (VASP) Authorization, Securities Registration (CVM, for crypto-securities)
Estimated Cost (USD)
$20,000 - $200,000
Timeline
6-12 months
Ease of Licensing
Medium
Notes
The BCB was designated as regulator by Decree 11,563/2023 and has been implementing the licensing framework. Existing operators had transition periods to comply. The CVM regulates crypto that qualifies as securities. Brazil is the largest crypto market in Latin America.

AML / KYC

KYC Required
Yes
Travel Rule
Yes
FATF Member
Yes
FATF Status
Compliant
Suspicious Activity Reporting
Yes

Mining

Mining Legal
Yes
Status
Legal
Electricity Cost ($/kWh)
$0.1
Renewable Energy
83%
Climate
Tropical
Infrastructure
Good
Tax on Mining Income
15%-34% (IRPJ + CSLL + additional 10% on profits above R$240k/year)

DeFi, Stablecoins & NFTs

DeFi: unclearStablecoins: general frameworkNFTs: no_rulesCBDC: pilot

Soken Services

Legal Opinion
Available | $3,000 - $12,000 | 10 days
Banking
Difficulty: Hard | Crypto-friendly banks: none listed
Min. Deposit
$10,000
Fiat Rails
SWIFT, Local ACH
Card Payments
Visa, Mastercard
Company Registration
$8,000 | 30 days | Sociedad de Responsabilidad Limitada (SRL)
Licensing Support
Available | $25,000 - $100,000

Sources

Government of Brazil - Law 14,478 Banco Central do Brasil
Reviewed: 2026-03-15verified

Frequently Asked Questions

Is crypto legal in Brazil?
Cryptocurrency is currently classified as "Legal" in Brazil. Brazil enacted the Legal Framework for Virtual Assets (Law 14,478/2022) in December 2022, providing comprehensive crypto regulation. The Central Bank of Brazil (BCB) was designated as the primary regulator for crypto asset service providers. The CVM oversees crypto securities.
What is the crypto tax rate in Brazil?
In Brazil, the personal capital gains tax on crypto is 15%-22.5% progressive CGT on monthly gains above R$35,000 from crypto disposals, and the corporate tax rate is 15%-34% (IRPJ + CSLL + additional 10% on profits above R$240k/year). Brazil taxes crypto gains progressively: 15% on gains up to R$5M, 17.5% on R$5M-R$10M, 20% on R$10M-R$30M, and 22.5% above R$30M per month. Gains below R$35,000 in monthly disposals are exempt. The Receita Federal requires detailed crypto reporting through the monthly GCAP and annual declaration. Exchanges must report transactions above R$30,000.
Do I need a crypto license in Brazil?
Yes, a crypto license is required in Brazil. The regulator is Banco Central do Brasil / Comissão de Valores Mobiliários under Law 14,478/2022 (Legal Framework for Virtual Assets); Decree 11,563/2023. Estimated licensing cost: $20,000 - $200,000.
Is crypto mining legal in Brazil?
Yes, crypto mining is legal in Brazil. Electricity costs approximately $0.1/kWh. Mining income is taxed at: 15%-34% (IRPJ + CSLL + additional 10% on profits above R$240k/year).
What are the AML/KYC requirements for crypto in Brazil?
Yes, crypto businesses in Brazil must comply with KYC (Know Your Customer) requirements. The FATF Travel Rule is implemented. FATF compliance status: compliant.