Brazil to Enforce 24-Hour Hold on $10K Crypto Transfers to Combat Fraud
Starting January 1, 2027, Brazil will implement a regulation requiring a 24-hour hold on cryptocurrency transfers exceeding $10,000. This measure aims to enhance fraud prevention by allowing Virtual Asset Service Providers (VASPs) to conduct risk assessments on flagged transactions, including those sent to self-custody wallets and overseas providers.
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Brazil to tighten crypto fraud controls with new 24-hour wait on transfers to self-custody wallets
The new rule will take effect on Jan. 1, 2027, and will cover cryptocurrencies including fiat-backed stablecoins.
Brazil targets crypto fraud with up to 24-hour transfer hold
The rules, effective Jan. 1, 2027, cover transactions above $10,000 sent to overseas providers or self-custody wallets, along with other transfers flagged for review.
Brazil Triggers 24-Hour Hold on $10K Crypto Transfers
The new controls include a precautionary 24-hour retention of funds exceeding $10,000 for an individual or aggregate transactions per day, to allow VASPs to conduct a risk analysis of these movements. The bank stressed that these measures are preventive in nature. Central Bank of Brazil Issues 24 Hour Retention Period For $10,000 Transactions The Central […]