Brazil to delay some crypto transfers over $10,000 by up to 24 hours

Brazil will require crypto service providers to delay some outbound transfers by up to 24 hours from Jan. 1, 2027 under Resolution BCB No. 584/2026, published Aug. 7. The hold applies when a customer deposits fiat currency or cryptocurrency and then tries to send more than $10,000, in a single transaction or through the combined total of transfers in the same day, to a self-custody wallet or a foreign crypto platform. Smaller transfers can also be paused if a firm's internal systems flag fraud risk. Providers must tell customers why a transfer was held and for how long, and after the review they must either complete or reject it. Brazil's central bank said the rule is a precautionary anti-fraud measure because cryptocurrencies, including stablecoins, have been used to move money obtained through financial fraud before victims or institutions can recover it. The 24-hour hold is a ceiling rather than a fixed wait, and firms may release funds earlier if an internal review finds nothing suspicious and the decision is documented. The resolution amends a 2021 anti-money laundering framework for payment providers, adds daily record-keeping on crypto fraud incidents and controls, and allows escalating penalties for non-compliance. The move adds to Brazil's broader crypto rulebook, which already requires provider authorization and applies foreign exchange rules to some fiat-pegged stablecoin and cross-border activity. Brazil ranked fifth in Chainalysis' 2025 Global Crypto Adoption Index, with about $318.8 billion in crypto received between July 2024 and June 2025.

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