backNewsletter (#004/2025) of Fintechs, Banks, Financial Services and Virtual Assets by Campos Thomaz Advogados
Alerts, materials, and updates on Fintechs, Banking, Financial Services, and Virtual Assets.
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Hot Topics for 2025 – Follow the next newsletters
- Open Finance
- Virtual Assets
- Bank as a Service
- Tokenization
- Artificial intelligence
Alerts
The New Frontier of Payments: Agentic Payments – IA Agents
If you thought Pix was the peak of digital payment innovation, think again — the next revolution is already underway, and it’s called agentic payments. Last week, Mastercard and PayPal announced initiatives that bring this new concept to life: autonomous AI-powered agents capable of executing transactions and making financial decisions on behalf of users, continuously and proactively. Learn more.
Central Bank Opens Public Consultation on Sustainability-Related Accounting Standards
On April 30, the Central Bank of Brazil launched a public consultation to standardize the accounting treatment of sustainability-related assets and liabilities, aligning with international practices. The initiative seeks to enhance transparency and comparability in the financial statements of financial institutions and other entities authorized by the Central Bank. The draft proposes changes to Resolution BCB No. 2/2020 to mandate the inclusion of sustainability assets and liabilities in balance sheets, addressing the current regulatory gap. Learn more.
Financial Stability Report to Be Released on April 30
The Central Bank of Brazil will release its Financial Stability Report (FSR) for the second half of 2024 on April 30. The report presentation and press conference will take place in the Dênio Nogueira Auditorium at the Bank’s headquarters in Brasília. They will be streamed live on the Central Bank’s YouTube channel. This edition will feature the participation of the Bank’s President, Gabriel Galípolo, alongside Directors Aílton de Aquino (Supervision) and Diogo Guillen (Economic Policy). Learn more.
Tokenization: Brazil’s Central Bank Opens Public Consultation on Digital Payment Security and Efficiency
Brazil’s Central Bank has launched a public consultation to gather input on tokenizing card payments — a process widely used by digital wallets like Apple Pay, Google Pay, and Samsung Pay. The consultation aims to assess the role of tokens — secure digital representations of cardholder data — within Brazil’s Payment System (SPB). Open until June 2, 2025, the initiative seeks insights that may guide future regulation in light of the booming digital payments market. Learn more.
Open Public Consultations – Contact our team
Central bank
- 117/2025 | Draft Joint Resolution of CMN and the Central Bank on the Naming of Financial Institutions. Access here
Consultation end date: 05/31/2025
This public consultation submits a draft joint resolution of the National Monetary Council and the Central Bank of Brazil, which regulates the naming of institutions authorized to operate by the Central Bank of Brazil. -
118/2025 | Public Consultation on Regulation of Payment Arrangements within the Brazilian Payment System. Access here
Consultation deadline: June 2, 2025
Discloses information to enable a social participation mechanism, in the form of a public consultation, aiming to gather contributions for the regulation of payment arrangements that are part of the Brazilian Payment System (SPB) and their participation modalities. -
119/2025 | Draft Resolutions from the CMN and Central Bank on Accounting Criteria for Sustainability Assets and Liabilities. Access here
Consultation deadline: May 31, 2025
Submits for public consultation draft resolutions from the National Monetary Council and the Central Bank of Brazil that establish accounting criteria to be observed by financial institutions and other entities authorized to operate by the Central Bank of Brazil regarding the measurement, recognition, derecognition, and disclosure of sustainability-related assets and liabilities.
Regulatory Update
BCB Normative Instructions
Rules for conventions on credit events in derivatives and COEs
BCB Normative Instruction No. 606, 4/3/2025 – Establishes guidelines on the process for drafting and submitting the convention that will address the credit events to be used by institutions authorized to operate by the Central Bank of Brazil in credit derivatives operations contracted in the country or in the issuance of structured operations certificates (COEs) under the credit risk modality, as provided for in the specific regulations for these products.
Extension of the DLO submission deadline
BCB Normative Instruction No. 607, 4/3/2025 – Extends the deadline for submitting the February 2025 base date for document code 2061 – Operational Limits Statement (DLO), as provided in Normative Instruction No. 81, dated February 23, 2021.
Update of accounting models for consortium groups
BCB Normative Instruction No. 608, 4/8/2025 – Amends BCB Normative Instruction No. 282, dated April 27, 2022, which establishes the document models No. 6 – Statement of Consortium Resources and No. 7 – Statement of Changes in Availability of Groups under the Accounting Standard of Institutions Regulated by the Central Bank of Brazil (Cosif).
Rules on reporting and evaluation of candidacies
BCB Normative Instruction No. 609, 4/11/2025 – Provides information that must be included in the report referred to in Art. 123, § 3, item III of BCB Resolution No. 303, dated March 16, 2023, allows a preliminary analysis stage, and clarifies the evaluation of candidacies.
Guidelines on the use of rural credit with interbank on-lending
BCB Normative Instruction No. 610, 4/16/2025 – Establishes procedures and technical guidelines applicable to financial institutions that choose to use rural credit operations linked to interbank on-lending to meet rural credit requirements, in accordance with MCR 6-1-14.
Types of financial assets eligible for linking to dynamic billing slips
BCB Normative Instruction No. 611, 4/22/2025 – Provides for the types of financial assets that may be linked to dynamic billing slips.
BCB Resolutions
Much more about Fintechs, Banking, Financial Services and Virtual Assets
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Produced by Alan Campos Thomaz and João Marcelo Oliveira
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