Brazil Sets $10K Self-Custody Crypto Reporting Rule

Brazil sets $10K self-custody crypto reporting rule

Brazil will require covered institutions to report self-custody crypto transfers of $10,000 or more to Coaf from October 1 under Resolution 588.

Brazil's New Rule Mandates Reporting for Large Self-Custody

Brazil's Central Bank mandates reporting for self-custody wallet transfers over $10K starting October 1. This could reshape compliance for users.

Brazil Orders Reporting of $10K Self-Custody Crypto Wallet Trades

The new measures aim to strengthen the central bank’s AML/TF oversight over digital asset transactions where wallets are under complete user control, a situation that the bank says “can reduce the availability of information for monitoring and risk assessment purposes.”   Central Bank of Brazil Eyes Self-Custody Wallets In New Resolution The Central Bank of […]

Brazil's Central Bank Orders Self-Custody Reporting at $10K

Brazil's central bank issued Resolutions 588 and 589 on September 24, requiring licensed exchanges to report all self-custody wallet transfers at or above $10,000 to the country's AML watchdog. The rules take effect October 1.