[Brazil Central Bank Issues Crypto Regulatory Rules, Sets $2 Million to $7 Million Capital Threshold] The Brazil Central Bank has announced a regulatory framework for the crypto industry, requiring virtual asset service providers to obtain a central bank license and hold capital ranging from 10.8 million to 37.2 million Brazilian reais (approximately $2 million to $7 million) depending on the type of business. The new regulations incorporate crypto activities into foreign exchange and capital market oversight, mandate companies to regularly report cross-border transaction data, and impose restrictions on stablecoins, self-custody wallets, and crypto-to-fiat transactions.