Unblock submits its VASP application in Brazil

Unblock submits its VASP application in Brazil

Unblock submits its VASP application in Brazil

Inside Unblock

Escrito por

Nicole Meneghetti

•

Partner and Head of Compliance

Tempo de leitura:

As Brazil introduces a new regulatory framework for virtual assets, Unblock is taking an important step forward. We have submitted our application to the Central Bank of Brazil for authorization to operate as a Virtual Asset Service Provider (VASP) under the exchange category, covering both (i) virtual asset intermediation and (ii) custody.

As part of the same application, we also expressed our intention to continue operating in the foreign exchange (FX) market, with the goal of connecting traditional FX rails and virtual asset infrastructure within a single regulated framework.

This decision reflects a principle that has guided Unblock from day one: regulation is essential to building trust in stablecoins as a payment method for businesses. We believe that combining regulatory oversight with blockchain technology brings together the security and accountability of the financial system with the transparency, traceability, and continuous settlement enabled by stablecoins.

Submitting our application marks the result of months of preparation and investment in governance, compliance, and anti-money laundering (AML) controls.

Brazil's regulatory timeline

On February 2, 2026, Brazil's new regulatory framework for VASPs came into effect through Central Bank Resolutions BCB Nos. 519, 520, and 521. This framework established the requirements for companies providing virtual asset services in Brazil.

For companies already operating in the market, the authorization process is structured in two phases:

  • Phase 1: Covers the applicant's prior operations, the assessment of its controlling shareholders, and compliance with minimum capital and equity requirements. The application deadline is October 30, 2026. The review period can extend to 360 days.

  • Phase 2: Following a favorable outcome in Phase 1, this stage involves a more comprehensive assessment of the applicant's operational, financial, technological, and governance structures. The review period can extend to 720 days.

Over the past year, we have worked to prepare Unblock for this new regulatory environment.

Our efforts have included raising over $5m in funding, strengthening our AML and transaction monitoring controls, aligning our accounting practices with Central Bank standards, and working with specialized auditors to reinforce our governance and compliance framework.

These investments reflect our long-term commitment to building a compliant, secure, and reliable payments infrastructure.

Looking Ahead

On October 17, 2026, we submitted our application to the Central Bank of Brazil, marking an important milestone in Unblock's regulatory journey. Our application is now awaiting review under Phase 1 of the authorization process.

Our mission remains unchanged: to build reliable international payments infrastructure that enables Brazilian businesses to move money across borders with greater speed, transparency, and efficiency.



Compartilhar este artigo

Copie o link do artigo

Comece a mover dinheiro globalmente com custos menores, liquidação mais rápida e disponibilidade 24/7.

Posts relevantes

Começar

Começar

Comece a construir com stablecoins hoje mesmo

Comece a construir com stablecoins hoje mesmo

Ao se cadastrar ou utilizar os serviços da Unblock Serviços Digitais Ltda. (“UnblockPay”), você concorda com nossos Termos de Serviço e Política de Privacidade, bem como com todas as leis e regulamentos aplicáveis.

A Unblock Serviços Digitais Ltda. (“UnblockPay”) é uma empresa de tecnologia financeira que fornece infraestrutura tecnológica para serviços de ativos digitais e pagamentos.

A UnblockPay não é um banco. Quaisquer serviços financeiros regulados são fornecidos por parceiros devidamente autorizados e regulados, conforme aplicável. Os usuários são os únicos responsáveis por garantir sua própria conformidade com as leis locais e requisitos regulatórios aplicáveis.

© Unblock, Inc., 2026. Todos os direitos reservados.