- Brazil will require crypto firms to delay large transfers to self-custody wallets and foreign platforms.
- The rule applies to transactions above $10,000 and certain flagged smaller transfers.
- The measure aims to reduce crypto fraud while allowing providers to review suspicious activity.
Brazil’s central bank will introduce new anti-fraud controls requiring crypto companies to wait 24 hours before processing large transfers to self-custody wallets or foreign crypto platforms.
Starting January 1, 2027, the rule will apply when a single transaction or combined daily transfers exceed $10,000. Smaller transfers may also be delayed if flagged by a provider’s risk systems.
Crypto firms will need to evaluate factors including customer risk, transaction details, recipient jurisdiction, and the type of service involved before releasing or rejecting transfers.
The central bank said the waiting period is a precautionary measure designed to give providers time to investigate potential fraud rather than permanently restrict customer funds.
Companies must notify users when a transfer is placed on hold and explain the reason and expected duration of the review.
The rules apply to cryptocurrencies and fiat-backed stablecoins and expand Brazil’s existing fraud prevention framework for financial institutions and crypto service providers.
Brazil has been increasing crypto regulation over the past year, bringing digital asset companies under stronger licensing, security, and anti-money laundering requirements.
