On August 11, CertiK, a Web3 security firm, released a report titled 'Intel3D: PSAV and Brazil's New Security Standards.' The report notes that as the deadline set by Brazil's central bank for authorization applications — October 30 — approaches, local virtual asset service providers (PSAVs) are facing a wave of compliance adjustments. Independent third-party compliance and security certifications are shifting from a best practice to an essential requirement for market access. CertiK says it has already begun independent external audits under Central Bank Normative Instruction No. 701. Brazil ranks fifth globally in actual crypto adoption. Between June 2024 and June 2025, the country received $318.8 billion in on-chain asset value, accounting for nearly one-third of South America's on-chain activity during that period. Stablecoins have become a key piece of local digital asset infrastructure, representing roughly 80% of the trading volume reported to Brazil's federal revenue service. The regulatory transition's impact could extend well beyond Brazil's borders.

CertiK has released "Intel3D: PSAV and Brazil's New Security Standards," a report examining the compliance crunch facing Brazilian virtual asset service providers (PSAV) as the central bank's October 30 authorization deadline approaches. The report says third-party compliance and security attestations are shifting from industry best practice to a condition for market entry. CertiK is already conducting independent external audits under Normative Instruction No. 701. Brazil ranks fifth globally in real cryptocurrency adoption. From June 2024 to June 2025, the country absorbed $318.8 billion in on-chain value, roughly one-third of South America's total on-chain activity in that period, meaning the regulatory shift could extend beyond the domestic market. Stablecoins have become core infrastructure in Brazil's digital asset market, representing about 80% of crypto transactions declared to the federal tax authority.

Brazil’s crypto market is moving toward formal supervision under a licensing regime that will require virtual asset service providers to prove, rather than merely claim, compliance. A report from blockchain security firm CertiK says any company offering crypto trading, custody, or transfer services to customers in Brazil must apply for authorization by October 30, 2026, and include an independent “reasonable assurance report” covering anti-money-laundering and sanctions controls. The report ties the new framework to Law 14,478/2022 and three resolutions published by the Central Bank of Brazil on November 10, 2025. It also highlights the scale of the market: Brazil ranked fifth globally in real crypto adoption and received $318.8 billion in on-chain value in the 12 months through June 2025. Stablecoins sit at the center of the regulatory push, with about 80% of declared crypto volume moving through dollar-pegged tokens, according to the report. CertiK argues that this is why the central bank, rather than the securities regulator, is leading the regime.

Brazil's central bank introduces new regulations requiring crypto asset service providers to maintain minimum capital buffers, establish risk management structures, and submit regular reports from 2027. Firms are classified as Type 3 entities, overseen similarly to securities dealers. All VASPs must transition to Segment 4 by June 2028, and Segment 5 institutions are barred from offering virtual asset services.

Bitget said it has completed its virtual asset service provider, or PSAV, registration with Argentina’s National Securities Commission, becoming one of the registered virtual asset service entities in the country.