Brazil isn’t buying Bitcoin for sovereign reserves. Instead, cities, corporates and B3 products are creating a regulated path to treasury use.
Brazil’s moves are corporate and municipal, not sovereign.
B3’s spot ETFs and resized 0.01-BTC futures let treasurers gain, size and hedge exposure using familiar tools.
New VASP standards (licensing, AML/CFT, governance, security), effective February 2026, reduce operational uncertainty.
