PulsarPro is now licensed to operate as a Virtual Asset Service Provider in Brazil. The license, granted under the framework administered by Banco Central do Brasil, allows us to offer custody, exchange, and fiat-on-ramp services to Brazilian residents.
What the license enables
With the VASP license in place, our Brazilian entity can:
- Onboard Brazilian residents under local KYC and tax-reporting standards.
- Offer BRL deposits and withdrawals through PIX and approved banking partners.
- Provide custody services subject to the same segregation-of-funds rules that apply to brokers and asset managers.
- Operate the standard spot, futures, and earn products to local users with full local-currency settlement.
This is the result of an 18-month process that included audits of our custody architecture, anti-money-laundering controls, and capital reserves.
What changes for Brazilian users
For users in Brazil who already have a PulsarPro account, the transition will be gradual. Over the next 60 days you will be asked to:
- Complete a short additional verification step to confirm Brazilian residency.
- Migrate to a local-entity account if you want BRL deposits, withdrawals, and tax reporting.
You can continue to use your existing account during the transition. After the migration window, certain services — specifically BRL fiat rails — will only be available through the local entity.
What does not change
Custody remains in the same architecture, with the same hot-wallet and cold-storage segregation. Trading engines, market data, and APIs are unchanged. Fees remain the same as the global schedule.
We do not require additional permissions or share more data than is required by Brazilian law.
Tax reporting
The local entity will issue annual statements that align with Receita Federal reporting standards. If you trade actively, this should significantly reduce the friction of year-end filings compared to importing exchange exports by hand.
Next steps
If you are a Brazilian resident, watch for an in-app prompt over the coming weeks. If you are not, this announcement has no impact on your account.
We continue to pursue licenses in additional jurisdictions where the regulatory framework is clear and operationally workable.
