Brazil Delays Crypto Transfers Over $10,000 by 24 Hours to Curb Fraud

Brazil's central bank mandates a 24-hour hold on crypto transfers exceeding $10,000 to overseas entities or self-custody wallets, effective next year, targeting fraud-related fund movements.

Woofun AI reports that Brazil's central bank has introduced new anti-fraud regulations imposing a delay of up to 24 hours on specific cryptocurrency transfers. These rules will take effect next year and apply to transactions valued above $10,000 sent to overseas virtual asset service providers or self-custodied wallets. The threshold applies to individual transactions or the aggregate total of a customer's daily transfers. The central bank noted that this measure addresses the growing use of virtual assets, including stablecoins, for rapidly moving funds obtained through financial fraud. Authorities clarified that this is not an asset freeze and will not permanently block transfers, but may also apply to other transactions requiring enhanced scrutiny.