The Central Bank of Brazil has issued new regulations requiring licensed crypto trading platforms to submit daily asset protection reports starting from February 27, demonstrating that they have sufficient funds to cover risks of hacking or asset loss. They must also comply with data protection and confidentiality standards similar to those of commercial banks.

The new rules also mandate that exchanges keep their own funds separate from customer assets and develop a dedicated accounting manual for crypto companies, allowing them to directly record crypto assets on their balance sheets. Some provisions will officially take effect on January 1, 2027. (DL News)