Brazil's central bank says about 30% of the crypto firms applying for authorisation lack the required minimum capital
What happened. Speaking at the ABRACAM Speech 2026 – Câmbio Cripto event on Tuesday 10 November, the central bank's director of supervision, Ailton Aquino, said about 30% of the crypto firms that applied for authorisation did not have the share capital its rules require, Livecoins reported. He also said many applicants had not sent the audited financial statements the regulation asks for, Livecoins and PANews reported. PANews, citing Bitcoin.com, said nearly a third of the 120 virtual asset service providers that applied by the 30 October deadline fell short of the capital rule and may be rejected after review, and quoted Aquino as saying at least 30% of exchanges did not meet it.
Why it matters. Firms the central bank does not approve will have to stop doing business with clients, Livecoins reported; the list of applicants published on 6 November is still under review. Livecoins noted the director's remark does not yet mean 30% of firms will fail, while NoxPay founder João Paulo Oliveira wrote on X that the list of 120 could halve in the first round of assessment.
- Livecoins reported the minimum share capital as R$37.2 million for brokers and intermediaries and R$18.3 million for custodians, under a November 2025 change to Resolution 14 made with the National Monetary Council (CMN).
- PANews, citing Bitcoin.com, described the requirement as set by Resolutions 519 and 520, with each institution holding up to US$7.2 million in capital depending on its classification.
- Firms had until 30 October to apply, on pain of closing their business by 30 November, and those that chose to close could use the banking system only until 6 November, Livecoins reported.
- Earlier reports cited by PANews said the measures had already led Bitnuvem, NovaDAX, Digitra and Coinext to leave the Brazilian market.
Read the originals (2), usually in their own language:
- A third of the Brazilian crypto exchanges that applied for authorisation have problems, says central bank director · Livecoins, headline translated by us
- Brazil's central bank: 30% of crypto exchanges fail to comply with new capital requirements · PANews, headline translated by us