Brazil President Signs Legislation Clarifying Central Bank Crypto Regulation
Brazilian President Luiz Inácio Lula da Silva, known to many as simply Lula, has signed legislation giving clarity to the roles the country’s central bank and securities regulator in cryptocurrency regulation. This landmark decision signifies a major step forward in the development of Brazil's digital asset landscape.
President Lula recently signed an official decree that empowers Banco Central do Brasil to regulate the domestic cryptocurrency industry. As stated in the order Brazil’s President, Luiz Inacio Lula Da Silva, has signed legislation that is set to clarify the roles of the Central Bank in the country’s regulation of crypto. Moreover, the law Brazil’s President, Luiz Inácio Lula da Silva, has signed Decree no. 11.563, granting the Central Bank of Brazil the authority to regulate and supervise virtual asset service providers.
President Luiz Inácio Lula da Silva (Lula) signed the law increasing the central bank’s duties and extending them to crypto oversight. On Wednesday, the president signed a government decree No. 11.563, establishing rules under a December 2025 law on a legal framework for crypto in the country.
Brazilian President Lula signs legislation to clarify roles of central bank and securities regulator in cryptocurrency regulation. The new law empowers the Central Bank of Brazilian President Luiz Inácio Lula da Silva, commonly known as Lula, has approved legislation that clarifies the roles of the country’s central bank and securities.
This new regulatory framework is expected to foster innovation, attract investment, and provide greater consumer protection within the Brazilian cryptocurrency market. The move aligns with global trends towards greater regulatory clarity in the digital asset space, positioning Brazil as a key player in the evolving world of cryptocurrency.