Brazil Launches Nationwide Crypto Tracking to Fight Fraud and Money Laundering

The post Brazil Launches Nationwide Crypto Tracking to Fight Fraud and Money Laundering appeared first on Coinpedia Fintech News

On June 17, 2025, the National Secretariat of Public Security (SENASP) under Brazil’s Lula Government announced a major initiative to track and monitor cryptocurrency transactions across the country. This move is aimed at boosting financial transparency and cracking down on crypto-related crimes such as money laundering, drug trafficking, and financial fraud. The initiative will run for 36 months and opens for proposals starting July 4, 2025.

Brazil’s New Crypto Surveillance Tool

The government is seeking advanced crypto tracking software capable of identifying suspicious transactions across major blockchain networks, including:

Bitcoin

Ethereum

Ethereum Classic

Tron

Binance Coin

Dash

Dogecoin

XRP

Polygon

Avalanche

This tool will monitor blockchain activity to identify wallet addresses, IPs, and geographic locations involved in questionable transactions.

Key Features of the Crypto Tracking Initiative

Detects and responds to suspicious wallet activity

Enhances crypto security and blockchain transparency

Supports criminal investigations in 15 major Brazilian capitals

Promotes crypto adoption through a secure environment

Boosts the country’s fintech innovation sandbox

Installation Locations

The crypto surveillance software will be rolled out in 15 of Brazil’s 27 capitals. Some key installations include:

Brazilia (DF) – 9 units

Curitiba (PR) – 9 units

Aracaju (SE) – 4 units

Manaus (AM) – 2 units

Natal (RN) – 2 units

Boa Vista (RR) – 2 units

Others include Florianopolis, Cuiaba, Palmas, Porto Alegre, and more.

Also Read :   Crypto Tax in Australia May End : Here’s Why   ,

Impact on Brazilian Crypto Companies

All Brazilian crypto platforms must stay compliant with the new law. They are required to register with regulatory authorities and continuously update their software over the next three years. The objective is to foster innovation while ensuring a secure crypto ecosystem.

Brazil’s Upcoming Crypto Tax Reform?

As Brazil tightens its grip on crypto security, the government is also considering a new crypto tax model. Under the proposed policy, all crypto trades may be taxed at 17.5%, though this regulation is still under discussion.

The urgency follows a reported 30% drop in Bitcoin interest earlier this year due to regulatory uncertainty. Lula’s administration aims to restore investor confidence by reinforcing crypto protection measures before finalizing tax laws.

Conclusion

Brazil’s bold step toward implementing real-time crypto tracking and tax reform reflects the government’s commitment to making the country a safer place for digital finance. As blockchain adoption rises, these developments are expected to shape the future of crypto regulation in Latin America.