Publications

The advancement of Brazil’s regulatory framework for virtual assets has occurred in successive layers. The issuance of Normative Instruction RFB No. 2,291 dated November 14, 2025 by the Brazilian Federal Revenue Service known in Portuguese as Receita Federal do Brasil represents one of those layers with structural effects: the creation of DeCripto, the Cryptoasset Declaration. This new reporting framework will replace the information reporting model in place since 2019 and will become operational in the second half of 2026.

The measure seeks to align Brazil’s data collection standards with the model adopted by the OECD, the Organisation for Economic Co-operation and Development, for cooperation among tax authorities, reinforcing the regulator’s commitment to transaction traceability and to combating tax evasion in the digital asset market.

What the regulation establishes

Normative Instruction RFB No. 2,291 of 2025 sets out the criteria for the collection and transmission of information relating to cryptoasset transactions by exchanges and other service providers operating in the sector. The new data layout, already published together with an official guidance manual, will be submitted to a testing environment prior to its entry into force. This process has been conducted by the Federal Revenue Service in dialogue with industry representative entities such as ABCripto, the Brazilian Crypto Economy Association, and ABTOKEN, the Brazilian Association of Tokenization and Digital Assets.

It is important to note that the regulation deals exclusively with ancillary reporting obligations. It does not regulate the taxation of virtual assets themselves.

Key regulatory points of attention

Among the most relevant aspects for companies in the sector are the adoption of a new data layout with operational procedures governing the structure and format of the information to be transmitted to the tax authorities. There is also explicit alignment with the OECD international standard, which signals a trend toward expanded tax cooperation between jurisdictions. In addition, the availability of a testing environment allows companies to make adjustments before the full effectiveness of the new rules.

Impacts on companies

The transition to DeCripto represents, in scope, more than a simple change of form. The regulator signals a movement toward closer convergence between the virtual asset market and the supervisory standards traditionally applied to financial institutions.

For companies operating in the sector, the transition period is particularly relevant from the perspective of data governance and internal controls. The consistency and auditability of the information transmitted to the Federal Revenue Service become part of the overall assessment of regulatory compliance of business operations, among other elements.

Next steps

Companies in the sector are advised to review the new data layout and the official guidance manual published by the Federal Revenue Service, reassess their processes for generating and transmitting data related to cryptoasset transactions, and confirm whether their activities fall within the scope of the regulation.

The new rules reinforce the formalization of Brazil’s virtual asset market and indicate a progressive convergence with international standards of tax supervision, a trend that is expected to deepen in upcoming regulatory cycles.
DGN is monitoring developments on this topic and remains available to assess the impacts of this transition on your operations.