Brazilian financial institutions seek Central Bank authorization for digital assets

Banco Braza and the institutional digital asset broker Nonco have both taken formal steps to comply with Brazil’s new regulatory framework for virtual asset service providers (VASPs).

Banco Braza has completed the required documentation and technical certification mandated by Central Bank Normative Instruction No. 701/2026. The institution aims to integrate digital assets, including Bitcoin, Ether, Tether, and USD Coin, into its Braza ON multi-currency global account while adhering to new standards for governance, risk management, and cybersecurity.

Nonco has filed a request with the Central Bank to operate as an intermediary VASP. This filing comes ahead of the October 30, 2026, deadline for companies to submit initial documentation under new regulations. The regulatory transition, governed by Resolutions BCB No. 519, 520, and 521, requires firms to meet strict criteria regarding client protection and anti-money laundering protocols.