Brazil’s central bank orders exchanges to delay large crypto transfers abroad The rule applies to transfers above $10,000 and smaller transactions flagged as risky by exchanges. – Brazil will require exchanges to delay some crypto transfers abroad and to self-custody wallets for…
to 24 hours. – The rule applies to transfers above $10,000 and smaller transactions flagged as risky by exchanges. – The measure takes effect Jan. 1, 2027 as the central bank seeks to curb crypto use in financial fraud. Brazil’s central bank will require crypto exchanges to delay some customer transfers to foreign platforms and self-custody wallets for up to 24 hours as part of new anti-fraud rules
The requirement takes effect Jan. 1, 2027 under Resolution BCB No. 584/2026, published Aug. 7. The rule applies when a customer deposits the country’s fiat currency reais, or crypto with an exchange and then seeks to send the funds abroad or to a wallet they control. Transfers exceeding the equivalent of $10,000, whether through a single transaction or several on the same day, are subject to the required hold.
Smaller transfers may also face delays if an exchange flags them as risky. The central bank said cryptocurrencies, including stablecoins, are being used to move funds obtained through financial fraud before victims or institutions can recover them. The hold isn’t permanent.