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Anvesan News Weekly No. 5 Monday 2 November 2026

Brazil sets client choice over targeted marketing for virtual-asset providers

TL;DR

  • Brazil: the BCB's Resolution 602 makes firms, virtual-asset service providers included, let individual clients choose which products they get offers for. From 31 Mar 2027.
  • Also: the Bank of England consults on central counterparties accepting tokenised collateral, including regulated stablecoins. Responses close on 12 Feb 2027.

We published one story this week, from Brazil. Its central bank will make firms ask each individual client which products and services they agree to receive offers for. Virtual-asset service providers are covered, and the client-choice duty applies from 31 Mar 2027.

What happened last week

Brazil's central bank to require client choice over targeted marketing, covering virtual-asset providers

Brazil's central bank lets individual clients choose which offers firms may send them

On 23 Oct 2026 the Banco Central do Brasil (BCB) adopted Resolution BCB No. 602. Institutions must let each individual client specify the products and services for which they authorise advertising and active individual offers. The choice governs apps, email, SMS, push notifications and third parties acting for the institution. A client may revoke it at any time, with immediate effect.

Who it affects
Virtual-asset service providers, payment institutions, foreign-exchange brokers, securities distributors and brokers, and consortium administrators, for what they offer to individual clients.
Applies from

What it means. For Brazil's virtual-asset service providers, Resolution 602 sets a client-choice requirement over targeted marketing to individual clients. Systems must adapt within one hundred and twenty days of publication, and the other duties apply from 31 Mar 2027.

Read the story

Interesting developments in general

  • The Bank of England opened a consultation on draft supervisory expectations for central counterparties seeking to accept tokenised collateral, and asked for views on regulated stablecoins as future collateral; responses close on 12 Feb 2027.

    Bank of England Official source

  • Ripple, a blockchain solutions provider, says it received final approval from the Office of the Comptroller of the Currency (OCC) for chartering Ripple National Trust Bank, a national trust bank, in the United States on 26 Oct 2026.

    New licence United States Official source

  • Hong Kong's SFC approved secondary trading of two SFC-authorised tokenised money market funds on an SFC-licensed virtual asset trading platform, available around-the-clock, under its April 2026 pilot framework.

    Securities and Futures Commission Official source

  • The UK's FCA said it secured High Court undertakings that HTX (formerly Huobi), a global crypto exchange, will not knowingly promote cryptoasset services unlawfully to UK consumers, and that HTX is no longer active in the UK.

    Financial Conduct Authority Official source

  • Hong Kong's SFC published guidance for its revised UT Code, which takes effect on 1 November 2026, and updated FAQs on virtual asset exchange-traded products and more advanced tokenisation features for tokenised products.

    Securities and Futures Commission Official source

  • The National Bank of Georgia warned that so-called perpetual futures may qualify as CFDs, depending on their characteristics, and that offering event contracts linked to virtual assets may require a licence.

    National Bank of Georgia Official source

Dates to watch

From our guides

Brazil stablecoin and crypto rules: the Central Bank's VASP regime

The guide explains how Brazil's Central Bank authorises crypto firms and sets rules for the stablecoins they offer.