Brazil has taken a significant step in modernising its approach to digital asset oversight, aligning its crypto reporting rules with the standards set by the Organisation for Economic Co-operation and Development. Through Normative Instruction 2.291/2025, the country’s tax authority, Receita Federal, has replaced the system established in 2019 with a new framework built around the OECD’s Crypto-Asset Reporting Framework.
The shift places Brazil among a growing group of jurisdictions that are standardising disclosures to curb tax evasion, reduce financial crime, and improve oversight of global digital asset flows. Officials say the upgraded structure enhances cooperation with more than 70 countries already committed to implementing the same reporting standards.
A key component of this overhaul is DeCripto, a fully redesigned platform that will become the mandatory reporting channel from July 2026. Brazilian exchanges will continue their monthly filings under the new format, while individuals engaging in transactions outside domestic platforms must still report their activity—now with the reporting requirement triggered at a slightly higher threshold of R$35,000. The most consequential adjustments, however, apply to offshore exchanges. Under the new rules, any foreign platform that serves Brazilian users—whether through Pix integrations, partnerships with local payment companies, Brazilian advertising, or even localised domain names—will be required to send user data directly to Receita Federal. Authorities say this closes a long-standing loophole that allowed large volumes of activity to occur beyond domestic visibility.
The updated instruction also embeds the OECD’s enhanced anti-money-laundering and know-your-customer principles, requiring service providers to verify user identities, document counterparties, and report cross-border crypto movements in formats that will be shared internationally. Industry specialists, including the widely followed “Crypto Accountant” profile on X, say the new measures bring a level of transparency previously missing from Brazil’s expanding digital asset landscape.
These changes appear alongside a broader regulatory shift in the country. The central bank recently announced rules that classify crypto-to-fiat and stablecoin dealings as foreign-exchange operations, adding governance, prudential, and capital standards similar to those applied to traditional financial institutions. Taken together, these policies signal Brazil’s intention to integrate crypto more firmly into its financial system while tightening the monitoring of transactions that cross national borders.
Latin America is expected to pay close attention to the effects of Brazil’s new model. With more than R$1.7 trillion in on-chain activity recorded between mid-2024 and mid-2025, the country is already the region’s most active digital asset market. As Brazil prepares for the rollout of its DREX central bank digital currency in 2026 and moves into a new era of internationally aligned oversight, regulators across the region are likely to treat the country’s approach as a reference point. While the tax rules themselves remain unchanged, Receita Federal will now have far deeper insight into how digital assets move within and beyond Brazil.
