Brazil Mandates 24-Hour Delay on Crypto Transfers Over $10,000

Brazil's central bank will require delays of up to 24 hours on cryptocurrency transfers exceeding $10,000 sent to overseas virtual asset firms or self-custody wallets, starting in 2027.

The rule targets the movement of scam proceeds, particularly funds routed through stablecoins, the central bank said. Legitimate transfers will not be permanently blocked.

The $10,000 threshold covers both single transactions and a customer's combined transfers within one day. This prevents users from splitting large transfers into smaller amounts to avoid the delay, the central bank said.

Transfers meeting the threshold face a hold period of up to 24 hours before completion. Additional transactions flagged under existing risk management policies may also face extended review. The central bank did not detail exact criteria for these secondary flags.

Officials tied the mandate directly to a rise in financial scams using virtual assets to move stolen funds quickly. The central bank said the rule addresses "the rapid transfer of proceeds from financial fraud through virtual assets, including stablecoins."