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Brazil to require 24-hour hold on some crypto transfers

Published 2 days ago 1 min read
Brazil to require 24-hour hold on some crypto transfers

Brazil is set to require a 24-hour hold on certain cryptocurrency transfers, adding a delay before affected transactions can be completed. The measure appears aimed at strengthening oversight and reducing risks tied to illicit activity and fraud.

Brazil to require 24-hour hold on some crypto transfers Tech in Asia

Key Takeaways

  • 01 Some crypto transfers in Brazil will face a mandatory 24-hour delay.
  • 02 The rule would add an extra compliance step for affected users and service providers.
  • 03 The policy reflects tighter regulatory scrutiny of crypto transaction risks.

Attribution

Originally reported by Tech in Asia

#crypto

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