🇧🇷 São Paulo City

Cryptocurrency is legal in São Paulo, Brazil, regulated under Law 14,478/2022 and Central Bank of Brazil regulations. The regulatory environment supports crypto activities with clear frameworks in place.

Overview

StatusLegal
Risk Score25/100 (Low Risk)
Regionsouth america
CurrencyBRL

Tax Information

Capital Gains (Personal)15% capital gains tax
Capital Gains (Corporate)25% corporate tax on crypto gains
VAT on CryptoNo
Staking TaxTaxed as income at personal or corporate rates
Airdrop TaxTaxed as income

Crypto gains are subject to capital gains tax (15% personal, 25% corporate). Staking and mining income are taxed as regular income. VAT does not apply to crypto transactions.

Licensing & Registration

RequiredYes
RegulatorBanco Central do Brasil / CVM
FrameworkLaw No. 14,478/2022 (BVAL — Brazilian Virtual Assets Law); BCB Decree No. 11,563/2023; BCB Resolutions 519, 520, 521 (November 10, 2025); BCB Instruction No. 701/2026
Easemedium

Licensing is mandatory for crypto service providers, including exchanges and wallet providers, under the Central Bank's regulatory framework.

Enforcement Activity

Level: Moderate

Enforcement focused on unlicensed operators and consumer protection

AML / KYC

KYC RequiredYes
Travel RuleYes
FATF MemberYes
FATF Statuscompliant
FATF BodyFATF + GAFILAT
Suspicious-Activity ReportingYes

DeFi, Stablecoins & NFTs

Status: regulated

DeFi activities are regulated under the same framework as other crypto services, requiring compliance with AML and licensing rules.

Stablecoins

Status: regulated_restrictive

Stablecoins are regulated under BCB Resolution 520/2025 as 'fiat-referenced virtual assets'. Full backing in fiat currency or public debt securities is mandatory. Algorithmic stablecoins are explicitly prohibited. BCB Instruction 701/2026 requires independent technical certification for custodians/intermediaries handling stablecoins. BCB Resolution 561 (April 2026) bans eFX providers from using stablecoins or crypto to settle cross-border payments, effective October 1, 2026. Individual investors retain the right to hold and transfer stablecoins through authorized platforms.

NFTs

Status: no_rules

No specific NFT regulation

Mining

LegalYes
Electricity Cost$0.09/kWh
Renewable Energy40%
Infrastructuregood

Mining is legal and benefits from relatively low electricity costs and a significant share of renewable energy. Infrastructure in São Paulo is well-developed for mining operations.

Geopolitical Risk

Stabilitystable
SanctionsNo
Corruption Index43/100
Banking Accessmoderate

Risk Factors

Brazil is not sanctioned by OFAC, EU, or UN. It is a member of FATF and G20. The new banking-style VASP regime introduces compliance costs. Cross-border stablecoin settlement ban (BCB Resolution 561, April 2026, effective Oct 2026) is a new risk factor for payment-focused crypto businesses.

Sources

Frequently Asked Questions

Is cryptocurrency legal in São Paulo?

Cryptocurrency is legal in São Paulo, Brazil, regulated under Law 14,478/2022 and Central Bank of Brazil regulations. The regulatory environment supports crypto activities with clear frameworks in place.

What is the FATF status of São Paulo?

São Paulo is classified by FATF as: compliant.

Are VASPs licensed in São Paulo?

Yes, licensing is required for VASPs.

What is the AML/KYC regime in São Paulo?

KYC is mandatory for crypto businesses.

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Last reviewed: 2026-06-01 · Data source: Soken Crypto Legal Map

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