Brazil’s central bank will impose a 24-hour delay on crypto transfers exceeding $10,000 or deemed risky under new rules set to take effect in early 2027. The measure, part of a broader anti-fraud strategy, targets transfers to foreign platforms or self-custody wallets, aiming to curb illicit financial flows.
The regulation requires exchanges to hold funds for up to 24 hours when customers attempt to move reais or crypto abroad or to self-controlled wallets. Transfers below the $10,000 threshold may also face delays if flagged by risk assessments. Exchanges must evaluate transactions based on customer profiles, counterparty details, and destination jurisdictions.
Resolution BCB No. 584/2026, published in August, outlines the framework. Exchanges may release funds before the 24-hour window if risk reviews confirm legitimacy, though documentation will be required. The rule applies to both single and cumulative daily transfers exceeding the threshold.
The central bank has not provided specific data on expected compliance costs or industry reactions. The policy aligns with global efforts to regulate crypto transactions while balancing security and user convenience. The delay is intended to give authorities time to scrutinise potentially suspicious activity.
The move underscores Brazil’s tightening oversight of the crypto sector, reflecting broader concerns about financial crime and capital flight. Exchanges will need to adapt systems to meet the new requirements, which could affect user experience and operational efficiency.
Written by Steven Cook
Regulation Desk
