[DigitalToday reporter Chi-gyu Hwang (황치규)] Brazil will make it mandatory to hold some cryptocurrency transfers sent to overseas platforms or self-custody wallets for up to 24 hours. Cointelegraph reported on Aug. 9 (local time) that the Brazilian central bank has prepared new rules to prevent fraud, with the measures taking effect on Jan. 1, 2027.
The hold applies when funds received that exceed $10,000, based on a single transaction or a daily cumulative amount, are moved to an overseas operator or a self-custody wallet. It also includes other transfers that an operator deems to require additional checks under its risk-management policy.
Operators must inform customers that a transfer has been held. They must also keep records of fraud cases, attempted fraud and corrective actions. Under central bank standards, however, transfers can resume even before 24 hours have passed once screening is completed.
Cointelegraph said Brazil's move extends a trend in which countries are strengthening safeguards against fraud that exploits the fast mobility of digital assets and cross-border transmission.
