TechFlow News, June 2nd: Starting June 1st, the Central Bank of Brazil has officially tightened licensing requirements for Virtual Asset Service Providers (VASPs), mandating that all cryptocurrency firms applying for or renewing licenses undergo independent financial audits. The audit scope covers anti-money laundering (AML) and countering the financing of terrorism (CFT) compliance, segregation of client funds from platform-owned funds, risk management mechanisms, and employee training. Auditing firms must be registered with the Brazilian Securities and Exchange Commission (CVM). Previously, Brazil established its virtual asset regulatory framework through legislation in 2022 and introduced the VASP licensing category in November 2025. This latest regulation further strengthens compliance oversight of the cryptocurrency industry.
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