Brazil’s central bank wants to put a speed bump on the stablecoin highway. The Banco Central do Brasil has proposed a regulation requiring virtual asset service providers to impose a mandatory 24-hour hold on outbound dollar stablecoin transfers of $10,000 or more.
The threshold applies both to individual transactions and to a client’s cumulative daily transfers. In English: you can’t just split a $50,000 transfer into five pieces and skip the waiting period.
What the proposal actually says
The rule specifically targets outbound transfers, meaning funds heading to foreign destinations or self-custody wallets. Smaller retail transactions remain largely unaffected.
The 24-hour retention period isn’t designed to be punitive. It’s framed as a precautionary window that gives VASPs time to conduct proper risk assessments before funds leave Brazil’s regulatory perimeter. If a provider completes its anti-money laundering and counter-terrorism financing checks early, the funds can be released before the full 24 hours elapse.
