DASP License in Brazil
Brazil is one of the fastest-growing cryptocurrency markets globally, combining strong adoption with an evolving regulatory framework. The country is actively integrating digital assets into its financial system under Law No. 14,478/2022, with regulation led by the Central Bank of Brazil (BCB).
Bergers Legal provides full legal support for entering the Brazilian crypto market, including structuring, compliance, and preparation for DASP/VASP licensing.
What is a DASP License in Brazil
A DASP (Digital Asset Service Provider) license is a regulatory status for companies providing services related to virtual assets.
Although the final licensing framework is still being formalized (expected by end of 2025), companies must already:
- register legal presence in Brazil;
- comply with AML/KYC requirements;
- follow Central Bank guidelines;
- prepare for mandatory authorization.
After regulation is finalized, a full VASP/DASP license will become mandatory.
Market Overview
- Top 10 crypto adoption globally
- ~32 million users (2025)
- ~14.6% population penetration
- fastest-growing market in Latin America
- projected revenue: $353.5M by 2030
Advantages of a DASP License in Brazil
- regulated and growing market
- alignment with FATF standards
- access to global banking infrastructure
- tax optimization (Simples Nacional)
- government support and fintech programs
- access to LATAM and international markets
Who Needs a DASP License
Required for companies providing:
- crypto ↔ fiat exchange
- crypto ↔ crypto exchange
- asset transfers
- custodial services
- wallet infrastructure
- crypto-related financial services
Requirements for a DASP License in Brazil
Core requirements
- at least 1 shareholder
- registered company in Brazil
- legal address in Brazil
- appointment of director
Financial requirements
- minimum capital (practical ranges):
- exchanges / custody: ~$364,000+
- tech companies: ~$182,000–$273,000
- brokers: ~$545,000+
Compliance requirements
- AML/KYC system
- transaction monitoring
- reporting to COAF / CVM
- internal controls
- cybersecurity framework
Process of Obtaining a DASP License
Step 1 — Document preparation (~3 weeks)
- shareholder data
- directors
- business plan
- address
Step 2 — Tax IDs (~20 days)
CPF numbers for shareholders and management
Step 3 — Incorporation (~2 weeks)
Company formation and registration
Step 4 — Full registration (~5–10 days)
Tax authorities + commercial register
Step 5 — Central Bank registration (~2 weeks)
Compliance with BCB requirements
Total timeline: ~2 months
DASP Licensing Overview in Brazil
| Category | Details |
|---|---|
| Regulatory authority | Central Bank of Brazil (BCB), CVM |
| Legal framework | Law 14,478/2022 |
| License status | Formal licensing expected by 2025–2026 |
| Timeline | ~2 months setup |
| Minimum capital | $182K – $545K+ depending on model |
| Compliance | AML/KYC, reporting, audits |
| Market size | ~32 million users |
| Growth rate | ~16.5% CAGR |
Regulation of Crypto in Brazil
Main regulators
- Central Bank of Brazil (BCB)
- Securities Commission (CVM)
- COAF (financial intelligence)
Legal framework
- Law 14,478/2022 (Virtual Assets Law)
- Circular 3978 (AML/KYC)
- FATF standards
Types of Crypto Activities (Future Licensing Scope)
Crypto Activities in Brazil (DASP Scope)
| Activity | Descriptiom | Regulation Level | Requirements |
|---|---|---|---|
| Fiat ↔ Crypto Exchange | Exchange between fiat and crypto | High | AML/KYC, capital, reporting |
| Crypto ↔ Crypto | Exchange between cryptocurrencies | Medium | AML compliance |
| Transfers | Transfer of digital assets | Medium | Monitoring, reporting |
| Custody | Storage and management of assets | High | Security, audits |
| Token issuance | ICO / token offerings | Variable | CVM review, compliance |
Obligations of Crypto Companies in Brazil
- KYC verification of all clients
- AML monitoring
- reporting to COAF
- reporting transactions above R$35,000/month
- internal audits
- cybersecurity compliance
Failure leads to:
- fines
- license revocation
- criminal liability
Taxation of Crypto Companies in Brazil
| Tax Type | Rate | Notes |
|---|---|---|
| Corporate tax | Varies | Simples Nacional possible |
| Simplified regime | Reduced | Lower administrative burden |
| Crypto reporting | Mandatory | Transactions > R$35,000 |
| Tax incentives | Available | For tech/innovation companies |
Current Regulatory Changes (2025–2026)
- full DASP/VASP licensing expected
- stricter AML/KYC rules
- stablecoin regulation
- increased reporting transparency
Conclusion
Brazil is the largest crypto market in Latin America, with strong growth and increasing regulatory clarity.
Key points:
- licensing framework is evolving
- compliance requirements already enforced
- full regulation expected by 2025–2026
- strong market demand and adoption
A DASP license will become essential for operating legally and scaling in Brazil.
Bergers Legal supports clients at every stage — from company setup to full regulatory compliance and licensing preparation.