- Binance said it will require Brazilian users to submit the purpose of a transaction and counterparty information for cross-border virtual-asset transfers starting Nov. 1.
- Users must complete a related questionnaire before requesting withdrawals, while deposits may be put on hold or some transactions returned to the sender if the required information is not submitted.
- Binance said it will report cross-border virtual-asset transaction details every month under a resolution from Brazil’s central bank, and that some transactions with unauthorized entities will be capped at $100,000.
Binance to Tighten Rules on Brazilian Users’ Cross-Border Crypto Transfers From Nov. 1
Binance will require users in Brazil to provide the purpose of a transaction and counterparty information for cross-border crypto transfers starting Nov. 1.
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Oct 5, 2026 at 2:47 AM UTC · 1 dk okuma
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Binance will require users in Brazil to provide the purpose of a transaction and counterparty information for cross-border crypto transfers starting Nov. 1.
Wu Blockchain reported on Oct. 4 that Binance will introduce the verification process for Brazilian users sending virtual assets across borders beginning Nov. 1. Users will be required to confirm the purpose of the transfer and provide information on the transaction counterparty.
Users must complete a related questionnaire before requesting a withdrawal. For deposits, processing may be put on hold if the required information is not submitted, and some transactions may be returned to the sender. The procedure will not apply to virtual-asset transfers between residents of Brazil.
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