🏦 Central Bank launches public consultation that limits companies' exposure to Bitcoin and cryptocurrencies
The Central Bank of Brazil published this Wednesday (29) Public Consultation No. 126/2025, which proposes a new prudential framework for the treatment of digital assets and tokens by financial institutions.
The measure limits companies' exposure to cryptocurrencies such as Bitcoin and Ether, and includes stablecoins and utility tokens in the financial system's risk rules.
📘 The text follows guidelines from the Basel Committee, seeking to align Brazil with international standards and reduce systemic risks related to the volatility of crypto assets.
🔹 Main points of the proposal:
Institutions will need to classify their exposures into four risk subgroups:
• 1A – tokenized traditional assets
• 1B – stablecoins with secure backing
• 2A – crypto assets with recognized hedge
• 2B – higher risk assets, such as Bitcoin and Ethereum
Total exposure to Group 2 (2A + 2B) cannot exceed 1% of the Level I reference equity.
Smaller institutions (S5) are prohibited from operating with crypto assets.
Stablecoins will need to be backed by liquid assets and have immediate redemption to qualify for lower risk groups.
📅 The schedule is gradual:
➡️ Transitional rules come into effect on July 1, 2026;
➡️ Complete adoption of the new framework: January 1, 2027.
🗣️ The proposal is open for comments until January 30, 2026, on the BC website and Participa+Brazil.
According to the Central Bank, the goal is to strengthen financial stability and prepare the country for integration between traditional and digital finance.
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