VASP TrackerBrazil · Central Bank (SPSAV)
Source: Banco Central do Brasil open data (authorisation processes) · reference date 30/09/2026 · checked on 20 Oct 2026, 22:36 BRT

SPSAV regime timeline

From Law 14,478/2022 to the 2026 deadlines, with a link to each rule on the Planalto or Central Bank website. Future dates highlighted.

  1. Law

    Law 14,478

    Brazil's virtual-asset framework law: defines virtual asset service providers and requires prior authorisation by a federal body.

    Source: Planalto · Lei 14.478/2022

  2. Law

    Decree 11,563

    Gives Banco Central do Brasil the power to regulate and authorise virtual asset service providers.

    Source: Planalto · Decreto 11.563/2023

  3. BCB rule

    BCB Resolutions 519, 520 and 521

    519: authorisation procedures (including SPSAVs). 520: constitution and operation of SPSAVs. 521: foreign-exchange and capital rules for virtual assets.

    Source: Res. BCB 519, Res. BCB 520, Res. BCB 521

  4. BCB rule

    BCB Normative Instruction 704

    Lists the filing documents. Art. 9: SPSAVs already operating must file phase 1 by 30 Oct 2026.

    Source: IN BCB 704

  5. BCB rule

    Resolution 520 takes effect

    The 270-day window for existing providers to apply starts (art. 88, I).

    Source: Res. BCB 520, art. 88 e vigência

  6. BCB rule

    BCB Resolutions 548 and 549

    Change the maximum decision periods (Res. 317) and per-phase periods (Res. 108) for authorisation processes.

    Source: Res. BCB 548, Res. BCB 549

  7. BCB rule

    BCB Resolution 561

    Amends the eFX rules (international payment and transfer services).

    Source: Res. BCB 561

  8. Data

    First SPSAV process in BCB open data

    The SPSAV segment first appears in the authorisation-process dataset (reference date 30 Jun 2026).

    Source: BCB · Processos de autorização

  9. BCB rule

    BCB Resolution 580

    Classifies SPSAVs as Type 3 institutions for prudential purposes and bars virtual-asset providers from opting into Segment 5.

    Source: Res. BCB 580

  10. BCB rule

    BCB Resolution 589

    Amends art. 91 of Res. 520: the ban on regulated institutions now starts on 6 Nov 2026 and refers to providers “not authorised” (the previous text said “not authorised or in the authorisation process”, from 30 Oct 2026).

    Source: Res. BCB 589, Res. BCB 520 (texto original)

  11. Decision

    First reported denial

    Higherway Tech's application (process 304022) denied; decision published in the Official Gazette, according to press reports.

    Source: Bitnotícias

  12. BCB rule

    BCB Resolution 594

    Further amends maximum decision periods (Res. 317) and per-phase periods (Res. 108).

    Source: Res. BCB 594

  13. Deadline

    Filing deadline

    End of the 270 days for SPSAVs operating on 2 Feb 2026 to file phase 1 (Res. 520, art. 88, I; IN 704, art. 9).

    Source: Res. BCB 520, IN BCB 704

  14. Deadline

    Ban for regulated institutions

    Banks, payment institutions and other authorised institutions may no longer carry out or enable virtual-asset operations with unauthorised providers, except as the rule allows (Res. 520, art. 91, as amended by Res. 589).

    Source: Res. BCB 589

  15. Deadline

    End of the 30 days for non-filers

    Providers that did not file on time must stop services within 30 days after the deadline (Res. 520, art. 88, §7). Date calculated by VASP Tracker.

    Source: Res. BCB 520, art. 88, § 7º

BCB rule dates checked against the BCB normative-acts API on 21 Oct 2026. 29 Nov 2026 is VASP Tracker's calculation (30 days after 30 Oct). Rules can change; check the text in force.

Cite this

VASP Tracker, “Timeline of the SPSAV regime”, BCB data as of reference date 30/09/2026, https://vasptracker.com/en/br/timeline/ (accessed 20 Oct 2026).