Brazil's central bank will delay crypto transfers over $10,000 to overseas providers or self-custody wallets for up to 24 hours starting next year to combat fraud.
Regulation & Gov ·
Brazil's central bank will enforce new anti-fraud measures on cryptocurrency transfers beginning next year, imposing delays of up to 24 hours on transfers exceeding $10,000 destined for overseas virtual asset service providers or self-custody wallets. The threshold can be calculated either per transaction or as a customer's total transfers within a single day, and other transfers flagged under risk management protocols may also face scrutiny.
The central bank framed the rules as a response to rapid movement of fraud proceeds through virtual assets, including stablecoins. Officials clarified that the delays do not constitute a permanent asset freeze or block on transfers, positioning the measure as a time-limited friction point rather than an outright prohibition.
The scope and enforcement mechanics of the delays remain incompletely detailed—specifically, how the review process will function during the 24-hour window, what triggers transfers into "other" risk-review categories, and whether exchanges will bear operational responsibility for the holds. The implementation timeline and any grace periods before enforcement begins have not been specified.