Brazil requires holds on crypto transfers over $10,000
Brazil’s central bank will require virtual asset service providers to place precautionary holds of up to 24 hours on certain transfers to foreign platforms or self-custody wallets.
The rules, effective January 1, 2027, cover transactions above $10,000 sent to overseas providers or self-custody wallets, along with other transfers flagged for review.
Providers must notify customers of holds and keep records of fraud incidents, attempted fraud, and corrective actions.
The measure adds Brazil to a growing list of jurisdictions tightening crypto safeguards as regulators confront scams that exploit the speed and cross-border reach of digital assets.