Brazil Central Bank Instruction 739 Adds Mandatory Independent Audits for VASP Licensing

Brazil's Central Bank issued Normative Instruction No. 739 on Friday, adding a new condition for virtual asset service providers (VASPs) seeking authorization to operate in the country. Applicants must now submit an independent "reasonable assurance" audit prepared by a third-party entity registered with Brazil's securities regulator, alongside checks tied to AML/CTF controls and reporting readiness.