Brazil Triggers 24-Hour Hold on $10K Crypto Transfers

Key Takeaways

• Brazil requires a 24-hour hold on crypto transfers over $10K sent to foreign VASPs or self-custody.
• This delay aims to curb financial fraud by giving platforms time to evaluate risk and apply safety rules.
• Crypto associations criticized the rule, warning it hurts legitimate users relying on rapid transfers.

Central Bank of Brazil Issues 24 Hour Retention Period For $10,000 Transactions

The Central Bank of Brazil has published a new resolution to curb the use of digital assets for illicit purposes, given their growing use for the rapid transfer of funds involved in financial fraud.

On Friday, the Central Bank of Brazil issued Resolution 584 of 2026, which amends Resolution 142 of 2021 to include fraud-prevention procedures applicable to institutions part of the Brazilian Payment System operating with digital assets.

Article 2-B explicitly states that these institutions “can only execute transfer orders for digital assets 24 hours after receiving funds” when these transfers are directed toward foreign VASPs or self-custody wallets.

Furthermore, the Resolution specifies that these retentions must be applied when the funds involved “exceed the value of US$10,000.00 or its equivalent in other currencies per transaction or the total value of transactions carried out on the same day on behalf of the customer.”