On January 30, the Central Bank of Brazil (BCB) decided to extend the deadlines for submitting comments and suggestions for public consultations on Banking-as-a-Service (BaaS) and the provision of virtual asset services until February 28. This extension was announced through the publication of public consultation notices 115 (ECP 115/25) and 116 (ECP 116/25).
The new deadlines set by ECP 115 and 116 modify those originally established by public consultation notices 108 (ECP 108/24), 109 (ECP 109/24) and 110 (ECP 110/24).
ECP 108/24 establishes regulations for the provision of BaaS services by institutions under the oversight of BCB. Conversely, ECP 109/24 governs the operations of virtual asset service providers (VASPs) and the offering of virtual asset services by other institutions regulated by BCB. Meanwhile, ECP 110/24 outlines the authorization process required for VASPs.
The extension aims to accommodate market requests from associations representing the most affected entities, allowing more time for in-depth analysis of the new regulations.
