Brazil Tightens Crypto Transfers to Curb Fraud
The rule targets transfers above $10,000 and lets exchanges release funds sooner if risk checks show no wrongdoing.
- On Aug 7, Brazil's central bank announced that some crypto transfers over $10,000 will face 24-hour delays starting Jan 1, 2027 under new anti-fraud rules.
- The central bank stated the move reflects growing use of virtual assets to quickly move money obtained through financial scams before victims or institutions can recover them.
- Transfers exceeding $10,000, whether in a single transaction or through several on the same day, are subject to the hold; smaller transfers may also face delays if flagged as risky.
- Exchanges must document risk decisions and notify customers when transactions are placed on hold, though they can release funds before 24 hours if reviews find no wrongdoing.
- Under Resolution BCB, exchanges face increased responsibility for judging risk based on customer, transaction, counterparty, and destination jurisdiction, mandating closer scrutiny of transactions.
20 Articles
20 Articles
The Central Bank of Brazil advances with the formal supervision of the country’s crypto market, valued at US$318.8 billion, and requires virtual asset service providers to request authorization by October 30, 2026, according to CertiK’s report. The measure affects companies that trade, guard or transfer cryptocurrencies for customers. Applications should include an independent audit of anti-money laundering controls and sanctions. The minimum ca…
Brazil's Central Bank Proposes 24-Hour Holds on High-Value Crypto Transfers
Brazil’s central bank has proposed new safeguards requiring virtual asset service providers to place precautionary holds of up to 24 hours on certain crypto transfers to foreign platforms and self-custody wallets. The measure would apply to amounts exceeding $10,000 (roughly Rs. 9.5 lakh) received in a single transaction or across a customer’s transactions in one day. If adopted,
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