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Crypto License

DASP License in Brazil

Mark Paat

Last updated: 29 October 2026 10 min read

Fact Checked by: Maksim Gasanbekov

Reviewed on

4.6 43 reviews Reviewed on

4.5 26 reviews

Overview

Service Snapshot

If you’re looking for a DASP license in Brazil, the authorization a new standalone provider needs is issued by the Central Bank of Brazil (BCB). It allows the company to operate as a Sociedade Prestadora de Serviços de Ativos Virtuais (SPSAV), a virtual asset service provider.

Regulator Banco Central do Brasil
Legal Outcome BCB authorization to operate as an SPSAV
Who It Suits New standalone providers serving customers in Brazil
Capital Minimum paid-in capital and net equity based on activities
Timing BCB review limits depend on the type of application
Package Price Corporate setup support from $19,500

The Right Fit for Your Business

Positive Signs

You know which services you’ll provide, such as exchanging virtual assets for customers.
You can trace a payment from deposit to payout.
You’ve identified who will manage the company and oversee compliance.

Warning Signs

Your team will hold the private keys that let it move customer assets.
An existing provider already serves your customers in Brazil.
You’ll handle cross-border payments or offer a token that gives holders a claim on revenue.

Check whether these features change the authorization or controls you need.
For other crypto projects, explore our ready-made crypto companies and crypto licensing services.

Brazil’s Virtual Asset Services Regime

Intermediary. Exchanges or transfers virtual assets for customers.
Custodian. Safeguards customer assets, controls access, and acts on customer instructions.
Broker. Combines intermediation and custody. Standalone intermediaries and custodians stay within their own category.

Eligible local incumbents had a transition route. Foreign incumbents seeking to keep serving Brazil had to transfer Brazilian operations and customers to an eligible successor. Eligible BCB-authorized institutions can submit notice.

Check whether your custody permissions cover customer staking. Assess token issuance, trading with your own funds, and foreign exchange separately.

What Gofaizen & Sherle Will Handle

Every package includes these four groups of services.

01
Powers of Attorney
- Draft powers of attorney for incorporation and shareholder tax ID applications.
02
Shareholder Tax IDs
- Help shareholders obtain their Brazilian tax identification numbers.
03
Company Formation
- Draft the articles of incorporation and help obtain the deed and register with the Board of Trade.
04
Company Tax Registration
- Help register the company with the tax authority and obtain its tax ID (CNPJ).

Choose the Level of Support You Need

Complete

$27,200

all Advanced services
help opening a bank account

Advanced

$24,000

all Basic services
nominee director services for six months

Basic

$19,500

powers of attorney
shareholder tax IDs
company formation
company tax registration

Confirm payment terms and any BCB filing support before booking.

How the Setup Works

For a standalone SPSAV application, start by defining the services the company will offer.

Choose the Category

Identify your services, markets, and operating status.
Form the Company

Gofaizen & Sherle helps with incorporation. An SPSAV needs at least three directors or administrators to cover required functions.
Build the Application

Gather the business plan and evidence of ownership, funding, management, and systems.
Obtain the Auditor’s Report

An independent auditor registered with Brazil’s securities regulator (CVM) issues a reasonable assurance report on anti-money-laundering and sanctions controls.
File and Respond

Submit the application to BCB and answer its requests. BCB decides whether to authorize operations.

What We Need From You

Owners and Management

Identify shareholders, anyone who controls the company, and the people who will run it.
Services and Transaction Flows

Describe the services, where your customers are, and how money and virtual assets move between parties.
Capital and Source of Funds

Show how much capital you plan to contribute and where that money comes from.
Compliance and Technology

Explain how you check customers, monitor transactions, secure systems, and protect assets in your custody.

Our expertise

Why Gofaizen & Sherle?

We combine legal, regulatory and technical expertise to support asset tokenization projects from initial assessment to implementation.

Corporate structuring Company formation and cross-border business setup.
Financial regulations Application preparation and regulator-facing documentation.
Compliance & Governance AML/CTF frameworks and post-authorisation support.

What we handle

Project assessment
Structuring & Classification
Documentation
Implementation support

Maksim Gasanbekov

Partner, Head of Sales (Crypto and Blockchain)

maksim@gofaizen-sherle.com

Project Timelines

Allow time for incorporation, independent assurance, and BCB review.

Corporate Preparation

Timing depends on the availability of ownership records and incorporation documents.
Independent Assurance

The auditor’s availability and access to control records affect timing.
BCB Review

BCB has up to 720 days to review a new application. Transition limits are 360 days for Phase 1 and 720 for Phase 2. The review period starts when BCB has the required materials. Requests for more information can pause it.

Decree 11,563/2023 gives BCB responsibility for authorizing and supervising virtual asset service providers. BCB Resolution 519 sets the application process, Resolution 520 defines the service categories and operating rules, and Resolution 521 covers specified foreign exchange activity.

The Brazilian Securities and Exchange Commission (CVM) oversees tokens that qualify as securities.

Law 14,478/2022 defines virtual asset services for third parties and establishes prior authorization.

Current Regulatory Status

Rule	What It Means
BCB Resolutions 519–521	The new framework took effect.
Resolution 520 transition	Eligible local incumbents that filed on time may continue in their existing category during review. Nonfilers must stop within 30 days after the deadline. Foreign providers already operating in Brazil that wanted to continue had 270 days to transfer Brazilian operations and customers, and had to stop upon transfer or by the deadline.
Resolution 574	Foreign exchange-authorized institutions report covered transactions made from this date, generally by the fifth day of the following month.
Article 91 as amended	Counterparty restrictions apply to covered banks, payment institutions, and other BCB-authorized institutions.
Resolution 589	Covered balances, custody, reserves, and staking data are reportable from launch for new services under notice, and from this date for services under transitional notice.

Ongoing Compliance Obligations

Your reporting obligations depend on the services you provide and your stage of authorization.

Customer checks. Verify customer identities and monitor transactions to prevent money laundering and terrorist financing (AML/CFT). Report suspicious transactions to COAF, Brazil’s financial intelligence unit.
Client assets. Safeguard customer assets and keep them separate from company assets where required.
Risk and security. Assign responsibility for internal controls, manage operational risks, and maintain cybersecurity measures.
BCB reporting. Keep transaction records and submit the reports that apply to your services, including custody, reserves, staking, or foreign exchange data.

Transition applicants report from filing. Under BCB Normative Instruction 713, covered daily balances and custody data are due within three business days, and month-end reserve and staking data within five business days. Full compliance applies once BCB communicates the Phase 1 outcome. BCB can sanction noncompliance.

Taxation

Corporate tax treatment depends on your company’s classification and transactions.

Since July 1, 2026, Brazil’s tax authority, Receita Federal, uses DeCripto for covered transactions. The rules can apply to providers operating in or targeting Brazil. Residents may need to report transactions directly, for example when covered trades on an overseas platform exceed R$35,000 in a month.

Banking, Payment Accounts, and Foreign Exchange

Article 91 restricts covered institutions from carrying out or facilitating virtual asset transactions with providers without BCB operating authorization in Brazil. Resolution 520 expressly permits some arrangements, so check whether the restriction applies to your transaction.

Foreign exchange rules can cover international transfers and transactions in stablecoins pegged to fiat currencies. If a Brazilian customer pays an overseas supplier with a dollar-pegged stablecoin, check the payment flow and the parties’ foreign exchange permissions before offering it.

The bank or payment institution decides whether to open your account. Document your source of funds and expected payments.

Confirm Applicability Before Launch

Identify who contracts with the customer and who can move their assets. Check BCB’s provider lists and verify your payment partner’s permissions.

Argentina (CNV PSAV), El Salvador (CNAD PSAD), and the British Virgin Islands (FSC VASP) register providers. The EU generally requires CASP authorization under MiCA. Check BCB authorization for the services you plan to offer in Brazil.

Official Sources

Frequently Asked Questions

What is the official name of the license?

BCB issues authorization to operate as a Sociedade Prestadora de Serviços de Ativos Virtuais (SPSAV), a virtual asset service company.

Who had to apply by October 30, 2026?

Eligible local standalone providers already operating when the framework took effect had to file by that date to continue their existing services during review.

How do intermediaries, custodians, and brokers differ?

Intermediaries execute transactions. Custodians safeguard and manage access to customer assets. Brokers can do both.

How is the minimum capital requirement calculated?

The rules add a cost component to an activity component that accounts for how the company funds its operations. The minimum applies to paid-in capital and net equity.

What changed for banks and payment institutions on November 6, 2026?

Article 91 restricts covered banks and payment institutions from carrying out or facilitating virtual asset transactions with providers lacking BCB operating authorization, subject to exceptions in Resolution 520.

When does the CVM regulate a digital asset?

CVM regulates a token when its holders’ rights qualify it as a security.

Client Testimonials

Trusted by Industry Leaders

Excellent service! The communication is fast and friendly, we are very satisfied with received comprehensive package of services such as legal consulting, full turnkey crypto company formation in Lithuania, assistance in bank account opening for "high risk" business, human resources acquisition etc. Highly recommended!

Roman Potemkin Founder & CEO. TRASTRA

4.6 43 reviews

4.5 26 reviews

Case study

VirtuaBroker

Services Provided: Jurisdiction analysis, Lithuania VASP licensing, corporate setup, AML/KYC documentation, HR (local AML officer), banking solutions, ongoing regulatory maintenance, and adaptation to new 2024 AML requirements.

23 December 2025

Read case

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