PSAV

Brazil

2026-09-08 11:59:52

Brazil’s PSAV licensing push drives business reshuffle among crypto platforms

Crypto platforms operating in Brazil are changing course as the country’s central bank advances the rollout of its licensing regime for virtual asset service providers, known as PSAV. Digitra, Coinext and Bitso have each adjusted their local operations in recent weeks. Digitra has already stopped trading services and decided not to apply for a PSAV license, effectively exiting the Brazilian market. Coinext said it will wind down its crypto trading business after failing to meet the minimum capital requirement. Bitso chose a different route: it is redirecting retail customers in Brazil to Mercado Bitcoin while keeping its institutional business line in place. Under rules set by Brazil’s central bank, existing platforms that want to keep operating legally in the country after the late-October deadline must submit a PSAV license application before then. The latest moves point to a faster compliance-driven reshaping of what the report described as Latin America’s largest crypto market.

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CertiK

2026-08-11 03:18:20

CertiK Report: Brazil's Crypto Market Enters Full Regulation, Independent Certification Key to Entry

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.

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CertiK

2026-08-11 03:18:54

CertiK Report Warns of Compliance Squeeze for Brazil's PSAVs as October 30 Deadline Nears

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.

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Bitget

2026-06-12 10:13:24

Bitget Completes PSAV Registration in Argentina

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.

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