Financial Market: Key News from September / October
Financial market 28/9 to 2/10
1. BCB regulates payment blocking related to online betting
On Monday (28), the BCB issued Resolution BCB No. 590/2026, requiring financial institutions, payment institutions, payment scheme owners and other payment scheme participants to prevent the processing and settlement of transactions involving bets, except for transactions necessary to wind down operations and return balances and prizes. On Wednesday (30), the BCB issued Resolutions BCB Nos. 595, 596 and 597, expressly extending the measure to TED, bank slip (boleto) and Pix payment schemes, respectively. The regulations are related to compliance with Provisional Measure No. 1,394/2026, issued on September 25.
Bets are organizing a legal response with a class action lawsuit
The end of 'betting' forces banks and fintechs to block payments and return balances
2. Federal Government launches Desenrola Brasil 3.0
On Friday (25), the Federal Government announced Desenrola Brasil 3.0, focused on the acquisition and restructuring of overdue credit card debt, including revolving and installment balances, and unsecured personal loans that have been delinquent for between two and four and a half years. The Government estimates that these debts total approximately BRL 300 billion and plans to hold the first portfolio auction in November, passing on to families the discount obtained in the acquisition. In addition, on Tuesday (29), the Government announced Desenrola MEI Pequeno Valor and other programs for the renegotiation of tax and non-tax debts.
Government announces Desenrola Brasil 3.0 focusing on credit card debt and personal loans
Desenrola 3.0 has a tight schedule, but it should be positive for banks
Record default rates do not reflect the impact of the Desenrola program, says the Central Bank
3. BCB details VASP authorization process and clarifies FX and EME applications
On Tuesday (29 September), the Central Bank of Brazil (BCB) outlined the authorization process for virtual asset service providers (VASPs) at an event hosted by the Brazilian Cryptoeconomy Association (ABcripto). Phase 1 will focus on applicants’ operating history, the reputation of controlling shareholders and holders of qualifying interests, financial capacity, audited financial statements and control structures. The BCB said it may prioritize decisions on clearly deficient applications to close cases that materially fall short of regulatory requirements. VASPs intending to operate in the foreign exchange market or issue electronic money must disclose those plans in Phase 1, although supporting documentation to renegotiate is required only in Phase 2. Applicants intending to issue electronic money must, however, meet the applicable minimum paid-up share capital and net equity requirements from the date they file their Phase 1 application.
Central Bank prepares filter to authorize crypto companies and prioritizes problematic cases
Central Bank regulation clears the queue of crypto companies seeking licenses
4. Anbima and CVM expand public offering matrix to Regime FÁCIL companies
On Monday (28), Anbima expanded its prior review service for public offerings to include smaller companies that opt into the Regime FÁCIL. The service is part of the technical cooperation agreement with th. It allows these companies, following Anbima’s prior review, to obtain automatic registration of their offerings with the CVM pursuant to Resolution CVM No. 160. The expansion had been approved in the first half of 2026 by the CVM/Anbima Agreement Committee, but remained subject to alignment with the SEP, which was completed on September 9. Established by Resolution BCB No. 232, the Regimen FÁCIL provides simplified requirements for smaller companies, including exemptions related to disclosure obligations and the conduct of public offerings.
5. Contactless Pix no longer subject to specific BRL 500 limit
With Normative Instruction BCB No. 746/2026 entering into force on Thursday (1), the specific BRL 500.00 limit for contactless Pix payments no longer applies. Contactless payments may now exceed this amount, provided that they remain within the Pix limits set for the customer’s account. The change applies to transactions initiated without redirection under Open Finance, bringing these payment journeys closer to the treatment applicable to other Pix modalities. The removal of the BRL 500.00 cap does not, however, eliminate transaction limits altogether. Pix payments remain subject to the limits applicable to each customer, as well as to the security controls and risk management measures established by participating institutions, in accordance with Normative Instruction No. 512/2024.
Pix contactless payments will no longer have a daily limit of R$ 500 starting this Thursday
