Newsletter

Register your email and receive our updates

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

FOLLOW US ON SOCIAL MEDIA

The regulation of virtual assets and cryptocurrencies in Brazil

January 13, 2026

Virtual assets, which include well-known cryptocurrencies, were recently regulated by the Central Bank of Brazil (BACEN – Banco Central do Brasil, or BCB) through Rules #519/2025, #520/2025, and #521/2025. This follows the enactment of Federal Statute #14,478/22 in 2022, which established “guidelines to be observed in the provision of virtual asset services and in the regulation of virtual asset service providers,” thereby inaugurating regulation on this matter in Brazil. The aforementioned law, however, was limited to establishing general guidelines and requiring prior authorization for companies to operate in the sector. It did not detail the procedure for obtaining this authorization or expressly designate the responsible regulatory body – though it was anticipated that this responsibility would fall to the BACEN.

SEE MORE

Requirements for Payment Institutions in Brazil Following the Recent Publications of BCB Rule #495/2025 and Joint Rule #14/2025

November 27, 2025

The Brazilian payments market has stood out for its intense innovation and growth, driven by the increasing digitalization of the economy and the demand for more agile and accessible financial solutions. The rise of new technologies, such as Pix , and the rise of a diverse ecosystem of payment institutions have radically transformed the country's financial landscape. In this dynamic context, the Central Bank of Brazil (BCB) plays an essential role as the main regulator and supervisor, aiming to ensure the soundness, efficiency, security, and transparency of operations within the Brazilian Payment System (SPB) .

SEE MORE

Brazil’s Sports Betting Act: Statute #14,740/2023 and the new paradigm for regulating gambling and betting

October 10, 2025

One of the most discussed topics in Brazil in recent years has been the introduction and rapid expansion of the sports betting market. Fixed-odds betting has overwhelmingly dominated this sector, becoming the leading sponsor of Brazilian football teams.

SEE MORE

Typologies of money laundering and terrorist financing by COAF

September 25, 2025

Preventing money laundering (ML) and terrorist financing (TF) is a global priority due to the threat these crimes pose to the integrity of financial systems, national security, and the socioeconomic stability of nations. In Brazil, the fight against these crimes is a key focus, driven by international commitments, robust domestic legislation, and the work of specialized bodies such as the Council for Financial Activities Control (COAF – Conselho de Controle de Atividades Financeiras), which is now also known as Brazil’s Financial Intelligence Unit (FIU) and operates under the Ministry of Finance.

SEE MORE

ABOUT US

The Financial Regulation Blog, published by Licks Attorneys, offers regular, insightful updates on financial regulatory matters. All posts are authored by the firm’s team of seasoned legal professionals. Licks Attorneys is a top-tier Brazilian law firm, recognized for its expertise in handling complex and strategic legal matters nationwide.

Newsletter

Register your email and receive our updates -

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

LINKEDIN FEED

FOLLOW US ON SOCIAL MEDIA

Licks Attorneys' COMPLIANCE Blog

Only the US and Switzerland effectively enforce their Anti-Corruption Laws Abroad

Several countries have anti-corruption legislation, but few extend this legislation to fight corruption alongside foreign authorities outside their territory. Brazil, incidentally, is in the second group of countries having such norms in its set of laws.

Only the US and Switzerland effectively enforce their Anti-Corruption Laws AbroadRead Full Article

Israel Approves Limitation of Supreme Court Powers Amid Huge Controversy

Various news networks around the world, such as CNN and The Wall Street Journal have reported the controversial decision taken by the Israeli parliament – the Knesset, which imposes a limitation on the Israeli Supreme Court. This decision was very controversial, with some seeing it as an attack to democracy, and others as a defense.

Israel Approves Limitation of Supreme Court Powers Amid Huge ControversyRead Full Article

Brazilian data protection authority applies first penalty for violation of data protection act

Despite the General Data Protection Act (LGPD) having entered into force in 2020 and its penalties in 2021, only on July 6, 2023 did the Brazilian Data Protection Authority (ANPD) publish in the Federal register of the current month, the first sanction applied to a company for violating the LGPD.

Brazilian data protection authority applies first penalty for violation of data protection actRead Full Article

How data classification (or lack of it) affects your business

One of the most significant concerns in today's corporate environments is the risk of confidential information being leaked or shared without authorization. This exfiltration of confidential information is known to occur not only through unauthorized access by an external agent, but also through the actions of a malicious internal collaborator.

How data classification (or lack of it) affects your businessRead Full Article

Discussing the conflict of interest in the federal government

Today, after reading an article authored by the renowned legal scholar Wálter Maierovitch, I was taken aback by the way some authorities handle conflicts of interest.

Discussing the conflict of interest in the federal governmentRead Full Article

Dealing with ethical dilemmas in business

Ethics is a word derived from the Greek vernacular “ethos", which, in turn, means "way of life". Philosophically, ethics focuses on the behavior of a human being within a social environment.

Dealing with ethical dilemmas in businessRead Full Article

Highest award ever paid by the US Securities and Exchange Commission to a whistleblower

The United States Securities and Exchange Commission announced the payment of the highest award ever paid to a whistleblower since the awards were instituted by the Dodd-Frank Act, sanctioned in 2010.

Highest award ever paid by the US Securities and Exchange Commission to a whistleblowerRead Full Article

The controversy on data sharing between Europe and the USA

Ireland’s Data Protection Commission (DPC) has published a press release on May 22, announcing that the inquiry into Meta Ireland, the Dublin-based company that manages Facebook not only in Ireland but throughout Europe, has been concluded.

The controversy on data sharing between Europe and the USARead Full Article

The German supply chain due diligence act (LKSG)

In the previous article, the “United Nations Guiding Principles on Business and Human Rights”, created in 2011 and which still influences several laws in many countries, was highlighted.

The German supply chain due diligence act (LKSG)Read Full Article

United Nations guiding principles on business and human rights

Although ESG (which stands for Environmental, Social and Governance) is a popular topic, few are aware of the document “Guiding Principles on Business and Human Rights”. Launched in 2011 by the United Nations, the text has influenced countless laws in several countries around the world to this day.

United Nations guiding principles on business and human rightsRead Full Article

How to investigate corruption

With regard to investigations of corruption in Brazil, the police authority, the Brazilian Office of the Comptroller General (CGU), the Prosecution Office and even the Internal Affairs of various public entities are invariably involved.

How to investigate corruptionRead Full Article

Dark patterns in data protection

In a time where fake news is so prevalent, the topic of dark patterns has gained a lot of relevance. The term was purely academic but, in recent times, has been commonly seen in data protection regulations worldwide.

Dark patterns in data protectionRead Full Article

U.S Department of justice updates its guide to corporate compliance programs

Now under the Biden administration, the U.S. Department of Justice (DOJ) has published, on March 3, 2023, an update to its guide for evaluating compliance programs. It assists prosecutors in this task, allowing them to identify whether the program is efficient at the time of the offense and whether it is effective at the time of a charging decision or resolution.

U.S Department of justice updates its guide to corporate compliance programsRead Full Article

The EDPB publishes new guidelines for personal data protection

The European Data Protection Board (EDPB) has recently published, after a public inquiry with different segments of European society, three new guidelines related to the protection of personal data.

The EDPB publishes new guidelines for personal data protectionRead Full Article

The sponsorship ethics of pharmaceutical and medical companies for physicians speaking in conferences

This is certainly one of the most controversial topics in recent years with regard to the interaction of the medical profession with the health industry – which encompasses the pharmaceutical industry, medical and hospital products and even cosmetics and food.

The sponsorship ethics of pharmaceutical and medical companies for physicians speaking in conferencesRead Full Article