Brazil Crypto Market Hits $318.8B as Licensing Deadline Looms

Brazil's $318.8B crypto market faces Oct 30, 2026 licensing deadline. Most of 120 providers lack licenses; stablecoins dominate 80% of transactions.

Woofun AI data shows that Brazil's cryptocurrency market recorded $318.8 billion in on-chain transaction value over the past 12 months, ranking fifth globally in adoption. Nearly one-third of Latin America's related activities occur via Brazilian wallets. Blockchain security firm CertiK noted that virtual asset service providers must submit approval requests and independent audit reports to the Central Bank (BCB) by October 30, 2026. The BCB issued three resolutions on November 10, 2025, defining licensing scopes, minimum capital requirements ranging from 10.

8 million to 37.2 million reais, and foreign exchange rules. Of approximately 120 current providers, most lack official licenses, and foreign operators must relocate to Brazil within 270 days. Around 80% of reported transactions involve US dollar-pegged tokens, with USDT comprising 88.7%. Stablecoin transactions totaled 1.13 trillion reais from 2019 to 2025. The industry lost $1.32 billion in the first half of 2026 due to 344 hack incidents.