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Welcome to Latam Insights, a compilation of the astir applicable crypto quality from Latin America implicit the past week. In this edition, Brazil moves VASPs to the aforesaid regulatory people arsenic accepted brokerages, OKX launches an earthquake alleviation run for Venezuelans, and Bolivia abandons fixed dollar speech rate.
Published: Jul 5, 2026, 7:30 AM
Key Takeaways
- Brazil enactment VASPs into Type 3, imposing strict brokerage-level superior and hazard requirements connected crypto firms.
- OKX launched a 20 USDT airdrop for La Guaira residents, providing nonstop fiscal assistance to earthquake victims.
- Bolivia floated its currency aft 15 years, devaluing the boliviano 40% to reverse captious dollar shortages.
Same Risk, Same Rules: Brazil to Regulate Crypto VASPs Like Traditional Securities Brokerages
The Central Bank of Brazil is tightening the rules that cryptocurrency companies and virtual plus work providers (VASPs) indispensable travel to run successful the country.
On Wednesday, the slope issued Resolution No. 580/2026, amending Resolutions 436/2024 and 201/2022, to classify companies that supply virtual plus services and conglomerates led by these companies arsenic Type 3.
Before this, the Type 3 classification grouped securities brokerage firms, securities organisation firms, and overseas speech brokerage firms; now, this people besides includes VASPs, applying the aforesaid requirements to these institutions.
This means that, starting January 1, 2027, these institutions volition beryllium subject to “a acceptable of prudential requirements, including hazard absorption rules, superior requirements, and accusation disclosure policies.”
OKX Announces Direct Crypto Aid for Venezuelans Hit by Devastating Twin Earthquakes
OKX, 1 of the largest cryptocurrency exchanges by volume, has taken action to assistance Venezuelan users affected by the duplicate earthquakes that near implicit 2,000 dormant and hundreds of buildings collapsed.
On societal media, utilizing its Latam account, OKX referred to the duplicate earthquakes that deed Venezuela connected June 24, 2026, and however the cryptocurrency assemblage has responded to this lawsuit successful 1 of the Latam countries with increasing crypto adoption.
“We cognize that these days person been difficult. But we person besides seen thing extraordinary: the solidarity of Venezuela and the full planetary community, which fills america with hope,” it declared.
To assistance Venezuelan users successful regions deed by the earthy disaster, OKX announced it volition administer 20 USDT to each idiosyncratic with impervious of code (POA) verifying they reside successful La Guaira, the authorities astir affected by the duplicate earthquakes.
Bolivia Abandons Fixed Exchange Rate Scheme After 15 Years, Adopting a Floating Dollar System
The Ministry of Economy has issued a caller solution that corrects a concern that had been hampering the Bolivian system for years.
On June 26, the Ministry published Resolution 245, opening the Bolivian marketplace to a strategy of escaped flotation connected the dollar speech rate. The speech complaint had been fixed astatine 6.96 Bolivian bolivianos per dollar since November 2011. The caller speech complaint opened astatine 9.73 Bolivian bolivianos connected Monday, an implied devaluation of astir 40%.
In the resolution, the ministry acknowledges that this authorities was established erstwhile lipid exports had surged, but that since 2005, these revenues person been drying up, underscoring the request to incentivize different economical sectors to make their ain dollars and amended the equilibrium of payments and overseas reserve accumulation.
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