Platforms that intermediate transactions with crypto assets, formally called Virtual Asset Service Provider Societies (SPSAVs), are now required to maintain the confidentiality of their clients and users’ operations. The National Monetary Council (CMN) approved this Thursday (26) changes that frame the sector for financial institutions.
With the new rule, from March 1st, SPSAVs will have to comply with Complementary Law 105, which establishes the obligation of bank secrecy and communication to the authorities in cases of evidence of crimes.
According to the Central Bank, the change promotes greater regulatory equality and expands the capacity to prevent, detect and combat illicit practices, such as money laundering, fraud and corruption involving virtual assets.
“The governance responsibility of these providers is increased and the full integration of these companies into the BC’s regulatory perimeter is consolidated,” the monetary authority said in a note.
New accounting rules
In addition to the secrecy requirement, the CMN and the Central Bank approved resolutions that establish specific accounting criteria for the recognition, measurement and disclosure of virtual assets by authorized institutions. The accounting requirements take effect on January 1, 2027.
The regulation applies to assets provided for in Law 14,4782022, including utility tokens used for payments or investments. Assets that represent traditional financial instruments, which continue to follow their own standards, are left out.
With the new rule, virtual assets are no longer classified as “other non-financial assets” and now have specific accounting treatment, in line with international practices. According to the BC, the measure increases transparency, comparability of information and predictability for the market.
Integration into the financial system
The figure of SPSAVs was created in November 2025, within the process of regulating the cryptoactive market conducted by the Central Bank. The objective is to equate regulatory treatment between traditional financial institutions and companies that operate with virtual assets.
For the regulator, clearer rules tend to increase investor confidence, strengthen risk management and contribute to the stability of the financial system when offering services related to cryptoassets.
