What is Brazil's Bill 2946/2026?

Bill 2946/2026 is proposed legislation introduced by Brazilian Federal Deputy Jonas Donizette that would turn existing Central Bank cryptocurrency regulations into federal law. The goal is to create a permanent legal framework for crypto companies operating in Brazil.

Why does Bill 2946 matter for Brazil's crypto industry?

The bill would give legal force to regulations that currently exist as Central Bank resolutions. Supporters believe this would provide greater regulatory certainty because laws are generally harder to change than administrative rules.

What crypto regulations would Bill 2946 codify?

The proposal would incorporate several Central Bank resolutions into law, including Resolution 519, which sets authorisation requirements for virtual asset service providers (VASPs). It would also cover rules related to crypto services and certain foreign exchange transactions.

What are VASPs under Brazil's proposed crypto law?

Virtual asset service providers, or VASPs, are businesses that offer cryptocurrency-related services such as exchanges, custody, transfers and other digital asset activities. The bill would require these firms to register with the relevant regulator before operating.

How would Bill 2946 affect crypto companies in Brazil?

Crypto firms would face a formal legal obligation to comply with registration and operating requirements. While many of these standards already exist through Central Bank regulations, the bill would make them statutory requirements.

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Brazil bill seeks to cement crypto rules

Written by Heidi Cuthbert Published Jun 12, 2026, 7:12 AM

Brazilian Federal Deputy Jonas Donizette has introduced Bill 2946/2026, a proposal that would transform the country's existing cryptocurrency regulations into federal law and establish a permanent legal framework for virtual asset service providers.

The bill seeks to codify several Central Bank resolutions, including Resolution 519, which outlines authorisation requirements for crypto service providers, along with related rules governing virtual asset services and foreign exchange transactions.

The legislation would require companies offering cryptocurrency services in Brazil to register with the relevant regulator before operating in the country.

Supporters argue the proposal would provide greater legal certainty by embedding existing regulatory requirements into law, making them more difficult to alter through administrative changes.

Critics have warned that the measure could further increase compliance obligations and regulatory oversight for crypto businesses already operating under a strict supervisory framework.

The proposal remains at an early stage and must be debated and approved by both Brazil’s Chamber of Deputies and Senate before becoming law.

If enacted, the legislation would formalise the regulatory structure governing Brazil’s cryptocurrency industry and could strengthen confidence among market participants seeking long-term regulatory stability.