{"id":546247,"date":"2026-07-08T15:08:27","date_gmt":"2026-07-08T14:08:27","guid":{"rendered":"https:\/\/cryptoslate.com\/?post_type=crypto_law&p=546247"},"modified":"2026-07-08T15:08:27","modified_gmt":"2026-07-08T14:08:27","slug":"brazil-decree-11563-2023-virtual-asset-regulatory-competence","status":"publish","type":"crypto_law","link":"https:\/\/cryptoslate.com\/crypto-laws\/brazil-decree-11563-2023-virtual-asset-regulatory-competence\/","title":{"rendered":"Brazil Decree No. 11,563\/2023: Virtual Asset Regulatory Competence"},"content":{"rendered":"

Brazil\u2019s Decree No. 11,563\/2023<\/a> is the executive act that assigns federal regulatory competence for virtual asset services under Law No. 14,478\/2022<\/a>. Signed on June 13, 2023, published in the Di\u00e1rio Oficial da Uni\u00e3o on June 14, 2023, and in force from June 20, 2023, the decree identifies the Banco Central do Brasil as the federal authority responsible for the core virtual asset service provider framework.<\/p>\n

The decree is narrow but important. It does not create a full standalone licensing manual. Instead, it activates the institutional allocation contemplated by Brazil\u2019s virtual asset law: which federal authority should regulate the provision of virtual asset services, authorize providers, and supervise their operation. That makes the decree a bridge between the statute and the BCB\u2019s later implementing regulations for prestadoras de servi\u00e7os de ativos virtuais, often abbreviated as PSAVs or VASPs.<\/p>\n

Key provisions of Brazil\u2019s virtual asset regulatory competence decree<\/h3>\n

Banco Central do Brasil mandate<\/h4>\n

Article 1 gives the BCB competence to regulate the provision of virtual asset services, subject to the statutory guidelines in Law No. 14,478\/2022. It also assigns the BCB authority to regulate, authorize and supervise virtual asset service providers. Article 2 further states that, for purposes of the statute\u2019s framework, the BCB will discipline the functioning of those providers and will be responsible for their supervision.<\/p>\n

Regulatory perimeter and institutional boundaries<\/h4>\n

Article 3 preserves important boundaries. The decree does not apply to assets representing securities that are subject to Law No. 6,385\/1976, and it does not alter the powers of the Comiss\u00e3o de Valores Mobili\u00e1rios. It also preserves the roles of Brazil\u2019s consumer-defense system and authorities responsible for prevention and repression of crimes referenced by the virtual asset statute.<\/p>\n

    \n
  • Primary regulator:<\/strong> Banco Central do Brasil for virtual asset service providers.<\/li>\n
  • Securities boundary:<\/strong> CVM competence remains intact for securities, including digital representations of securities.<\/li>\n
  • Consumer and AML context:<\/strong> The decree does not displace consumer-protection or criminal-enforcement responsibilities preserved by the statute.<\/li>\n
  • Effective date:<\/strong> June 20, 2023.<\/li>\n<\/ul>\n

    Relationship to Law No. 14,478\/2022<\/h3>\n

    Law No. 14,478\/2022 established Brazil\u2019s statutory framework for virtual asset services. It requires prior authorization by a federal public administration body for virtual asset service providers to operate in Brazil, defines covered service categories such as exchange, transfer, custody or administration of virtual assets, and gives the executive branch responsibility for assigning supervision and operational-discipline functions. Decree No. 11,563\/2023 performs that assignment by naming the BCB.<\/p>\n

    For readers tracking Brazil\u2019s crypto law architecture, the distinction matters: the law establishes the framework and statutory definitions; the decree identifies the competent federal regulator; and BCB resolutions set detailed authorization, operating, governance, anti-money-laundering, foreign-exchange and prudential requirements. Those later rules should be tracked as related implementing instruments rather than treated as amendments to the decree unless an official amendment says so.<\/p>\n

    Status, timeline and implementation<\/h3>\n\n\n\n\n\n\n\n\n
    Event<\/th>\nDate<\/th>\nReference point<\/th>\n<\/tr>\n<\/thead>\n
    Law No. 14,478\/2022 signed<\/td>\nDec. 21, 2022<\/td>\nCreated Brazil\u2019s statutory virtual asset services framework.<\/td>\n<\/tr>\n
    Decree No. 11,563\/2023 signed<\/td>\nJune 13, 2023<\/td>\nAssigned regulatory competence to the BCB.<\/td>\n<\/tr>\n
    Decree published<\/td>\nJune 14, 2023<\/td>\nPublished in the Di\u00e1rio Oficial da Uni\u00e3o, Section 1, page 9.<\/td>\n<\/tr>\n
    Decree in force<\/td>\nJune 20, 2023<\/td>\nOperative date stated in Article 4.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    As of July 6, 2026, the C\u00e2mara dos Deputados legislation database lists no express revocation for Decree No. 11,563\/2023. The legal profile should therefore treat the decree as in force, while separately tracking the BCB\u2019s subsequent implementing regulations, including the 2025 virtual asset rules and the 2026 prudential classification measures for PSAVs.<\/p>\n

    Editorial note<\/h3>\n

    This profile is a legal-reference summary, not legal, tax, investment or compliance advice. Market participants should consult the official legal text and qualified counsel before relying on any regulatory interpretation.<\/p>\n","protected":false},"excerpt":{"rendered":"

    Brazilian decree assigning Banco Central do Brasil authority to regulate, authorize and supervise virtual asset service providers under Law No. 14,478\/2022.<\/p>\n","protected":false},"author":1652,"featured_media":546730,"template":"","meta":[],"crypto_law_jurisdiction":[81433],"crypto_law_topic":[81505,81519,81869,81870,81509],"crypto_law_status":[81585],"crypto_law_type":[82160],"crypto_law_actor":[82708,82709,82710,82711],"crypto_law_asset_class":[81578,81623],"acf":[],"yoast_head":"\nBrazil Decree No. 11,563\/2023 \u2014 Virtual Asset Regulatory Competence<\/title>\n<meta name=\"description\" content=\"Brazil\u2019s Decree No. 11,563\/2023 assigns Banco Central do Brasil authority over virtual asset service providers.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/crypto-laws\/brazil-decree-11563-2023-virtual-asset-regulatory-competence\/\" 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