The Central Bank of Brazil plans to advance the regulation of institutional VASPs by 2027.

Techub News reports, according to Bitcoin.com, the Central Bank of Brazil plans to advance regulatory provisions concerning the operations of institutional Virtual Asset Service Providers (VASPs) in the country by 2027. Antônio Marcos Guimarães, Deputy Head of the Central Bank's Supervision Department, stated that the relevant rules will be advanced during the 2026-2027 period, and the criteria for local operational authorization have been finalized. Approved institutions must report their business activities within 270 days. Additionally, the Brazilian Federal Revenue Service intends to impose a 3.5% tax on stablecoin fund flows. This move aims to close a policy loophole that previously allowed individuals and institutions to use stablecoins as a substitute for the US dollar for payments and cross-border remittances.