Brazil to apply securities-level regulations to crypto firms

Brazil's central bank has decided to apply regulations to Virtual Asset Service Providers (VASPs) that are equivalent to those for securities and foreign exchange brokerages, Bitcoin.com reported. Effective Jan. 1, 2027, VASPs will be subject to requirements for risk management, capital, and information disclosure. The central bank stated that the move is based on the principle of applying the same rules to activities with the same risks.