Brazil's central bank will delay crypto transfers above $10,000 for up to 24 hours starting 2027, targeting fraud involving stablecoins and foreign wallets.
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Brazil's central bank will require a delay of up to 24 hours on cryptocurrency transfers above $10,000, part of a broader push to curb fraud. The rule, announced Thursday, targets transfers to foreign virtual-asset firms and self-custody wallets. The $10,000 threshold can be reached through a single transaction or the combined value of a customer's transfers within the same day, the bank said.
The measure takes effect in 2027, giving exchanges and financial institutions time to upgrade monitoring systems. Platforms will need to track customers' total daily transfer volume, rather than examining transactions in isolation, the bank said. The delay is not a freeze or a permanent block, it stressed. Instead, it creates a window for compliance teams to review transactions before funds move further.
Brazil's central bank said the rule reflects the growing use of virtual assets, especially stablecoins, to quickly move money obtained through financial scams. The same type of delay may also apply to other transactions that require closer checks under risk-management policies, though the bank did not specify which.
Brazil has been building its digital-asset framework since 2023, when it required cryptocurrency exchanges and service providers to register with the central bank. The latest measure adds another layer of oversight to cross-border crypto transfers, particularly as regulators focus on the speed with which digital assets can move money across borders.
For users, the main impact will be slower processing for certain large transfers. Transfers below $10,000 will not automatically face this requirement. The central bank said the measure is designed to identify potential fraud before funds move further, without disrupting routine transactions.
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