Brazil jurisdiction
Overview
Brazil is a sovereign nation in South America, a democratic republic with a civil law legal system. It has enacted a legal framework for virtual assets (Law 14.478/2022) that defines cryptocurrencies and establishes rules for virtual asset service providers, with oversight by the Central Bank of Brazil and the Securities and Exchange Commission (CVM). The country also mandates tax reporting of cryptocurrency transactions through the Federal Revenue Service.
Within the DeFi Intel graph, Brazil connects to 7 tracked entities, most strongly to Banco Central do Brasil, Hashdex, Moss.Earth.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 7 of 7 total).
| Relation | Connected entity | Confidence |
|---|---|---|
has_regulator | Banco Central do Brasil | 95% |
hosts | Hashdex | 85% |
hosts | Moss.Earth | 85% |
hosts | Mercado Bitcoin (2TM) | 85% |
hosts | Hashdex Nasdaq Crypto Index ETF | 85% |
hosts | Nu Holdings Ltd. | 85% |
hosts | Autoridade Nacional de Protecao de Dados | 85% |
Frequently asked questions
What is Brazil's legal framework for cryptocurrencies?
Brazil enacted Law 14.478/2022, which defines cryptocurrencies and establishes rules for virtual asset service providers, with oversight by the Central Bank of Brazil and the Securities and Exchange Commission (CVM).
Which regulatory bodies oversee virtual assets in Brazil?
The Central Bank of Brazil and the Securities and Exchange Commission (CVM) oversee virtual assets, and the Federal Revenue Service mandates tax reporting of cryptocurrency transactions.
What companies are headquartered in Brazil?
Companies headquartered in Brazil include Hashdex, Mercado Bitcoin (2TM), Nu Holdings Ltd., Autoridade Nacional de Protecao de Dados, and Moss.Earth.