Binance Tightens Brazil Crypto Transfers From Nov. 1 With Mandatory New Checks

Binance is implementing new requirements for Brazilians trading crypto with counterparts outside the country. These new requirements will apply to certain international crypto transactions by Brazilians starting Nov. 1, 2026, including documentation about the nature of the trade and the counterpart, as well as the relationship between the two parties, if any.

The updates were made under Resolution BCB No. 521/2025, which included certain virtual-asset services in the Brazilian foreign exchange regime. The updates affect individuals and firms using Binance services in Brazil for transactions with nonresidents. Transactions between Brazilian residents are not subject to the new procedures.

Binance Brazil Users Face New International Transfer Checks

For international transfers, clients must fill out a questionnaire before making a transfer. According to Binance, questions include asking the client to provide information about the counterparty, such as whether the counterparty is an individual, corporation, bank, exchange, investment fund, charity, or other type. Corporate clients may be asked whether the counterparty is in the same economic group.

Purpose types vary based on asset transfer amount. The number of transfer purposes for amounts up to $50,000 is 10. The number of transfer purposes for transfers over $50,000 is 96. You must select a purpose that matches the real purpose of the transfer, as Binance will share this information with Brazil’s central bank.