Brazil Bitcoin Reserves and Cryptocurrency Policies
๐Ÿ‡ง๐Ÿ‡ท

Brazil Bitcoin Reserves and Cryptocurrency Policies

Brazil embraces crypto with regulated exchanges and ETF approvals, holding minimal Bitcoin from seizures, driven by growing adoption and economic stability needs (May 2025).

Bitcoin Reserves

~10โ€“50 BTC from seizures
Valued at ~$1Mโ€“$5M (May 2025)

Regulatory Stance

Friendly
Progressive regulation with mandatory licensing for VASPs

Government Activity

Liquidates seized BTC; approved crypto ETFs
Investigating fraud in crypto schemes (2025)

Brazil Cryptocurrency Profile

Country BTC Reserves % of Global Holdings Legal Status Last Updated Key Policies
Brazil ~10โ€“50 BTC Estimated ~0.0001% Friendly 2025-05-15
  • Law 14.478 (Dec 2022) regulates crypto as digital assets, overseen by Central Bank and CVM
  • VASPs must register with Central Bank; compliance with AML/CFT rules mandatory (2024)
  • Crypto gains taxed at 15% for gains above BRL 35,000/month; exemptions for smaller transactions
  • Bitcoin and Ethereum ETFs approved by CVM (2021โ€“2023); Hashdex and QR Capital lead
  • Crypto not legal tender; only BRL accepted; stablecoins (~60%) dominate, Bitcoin ~20%
  • ~13M Brazilians (~6% of population) own crypto; $150B in crypto transactions (2023โ€“2024, Chainalysis)
  • Operation Cryptos (2025) targets Ponzi schemes; seized ~10 BTC in fraud cases