Banco Central do Brasil updates crypto foreign exchange rules

The Central Bank of Brazil (BCB) has updated its foreign exchange regulations to include specific classifications for position adjustments resulting from international cryptocurrency transactions. Through Resolution BCB No. 599/2026, a new code (99516) has been added to the special operations table to identify exchange operations related to virtual asset trades with foreign institutions, including stablecoins such as USDT and USDC.

While the new code allows for the identification of these adjustments, it does not lift existing restrictions that prohibit the purchase or sale of virtual assets with direct payment or receipt in foreign currency. The regulation aims to provide legal certainty for authorized Brazilian institutions that may need to perform financial adjustments following stablecoin transactions with foreign counterparties.