Representation of cryptocurrencies are seen in this illustration taken September 10, 2025. REUTERS/Dado Ruvic/Illustration
08 Aug 2026 06:29AM
SAO PAULO, Aug 7 : Brazil's central bank said on Friday that some cryptocurrency transfers will have to be delayed by up to 24 hours under new anti-fraud rules.• The central bank said the move reflects the growing use of virtual assets, including stablecoins, to quickly move money obtained through financial scams.• The rule, which takes effect next year, applies to transfers over $10,000 sent to foreign virtual-asset firms or to self-custody wallets.• The threshold can be measured per transaction or by a customer's total transfers in a single day.
• The central bank said the delay could also apply to other transactions that require closer scrutiny under risk-management policies.• It added that the measure is not an asset freeze and does not permanently block transfers.
Source: Reuters
