Cryptocurrency Regulation Daily Observation: The deadline for the Brazilian Central Bank in October is approaching, and the CertiK report reveals a new compliance landscape for South America's cryptocurrency hub
Released on August 12, 2026. The largest cryptocurrency hub in South America is undergoing a profound compliance baptism. As the deadline for virtual asset service provider (PSAV) authorization applications set by the Central Bank of Brazil (October 30) approaches, Web3 security firm CertiK has released its latest report, indicating that third-party security and compliance certifications have become a hard threshold for entering the Brazilian market. Against the backdrop of stablecoins accounting for 80% of trading volume, the impact of this regulatory upgrade will extend far beyond Brazil itself.
Regulatory Net Tightening: October 30 Deadline and Compliance Hard Thresholds
Brazil's "licensing" operations for the digital asset industry have entered a countdown phase.
The well-known Web3 security company CertiK clearly pointed out in its latest report "Intel3D: PSAV and Brazil's New Security Standards" that the deadline for virtual asset service provider (PSAV) licensing applications set by the Central Bank of Brazil is October 30 of this year. Currently, local and multinational PSAVs are facing a round of high-intensity centralized compliance adjustments. In this process, compliance and security certifications issued by independent third-party organizations have shifted from being "industry best practices (Nice-to-have)" to "market entry requirements (Must-have)." It is reported that CertiK is currently conducting independent external audits in Brazil strictly in accordance with the Central Bank of Brazil's Normative Instruction No. 701.
Market Size: Steadily Ranked Fifth in the World as a "Crypto Giant"
The spillover effect of Brazil's regulatory transformation has attracted significant attention, fundamentally due to its massive market fundamentals.
The report data showcases Brazil's astonishing weight in the crypto landscape: the country's actual adoption rate of crypto assets ranks fifth globally. In a statistical year from June 2024 to June 2025, the total value of on-chain assets received by Brazil reached a staggering $31.88 billion, accounting for nearly one-third of the on-chain activities in South America during the same period. It can be said that any fluctuations in Brazil's compliance policies will directly reshape the flow of Web3 funds throughout the entire Latin American region.
Dominance of Stablecoins: Core Infrastructure Accounting for 80% of Trading Volume
When analyzing the trading structure of the Brazilian market, the report highlights an extremely distinct feature—the absolute dominance of stablecoins.
In the massive crypto asset transactions reported to the Brazilian Federal Revenue Service (RFB), stablecoins account for approximately 80% of the trading volume. This means that against the backdrop of inflationary pressures and exchange rate fluctuations, stablecoins have effectively transcended their speculative attributes, becoming an important clearing infrastructure for the local digital asset market and even parts of the real economy. As the regulatory floodgates of the Central Bank close at the end of October, offshore stablecoin channels that fail to pass security audits and compliance certifications may face elimination, while compliant fiat channels will usher in historic growth dividends.
Data Source: https://bbx.com/ Crypto Concept Stock Information Database, compiled based on global public company announcements and SEC/TSE disclosure documents from last weekend.
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