Brazil Central Bank Sets 24 Hour Wait for Crypto Transfers

The Central Bank of Brazil is cracking down on instant crypto transfers. A new mandate requires service providers to pause specific transactions for 24 hours while they perform a risk assessment. This move aims to prevent fraud and adds a layer of oversight to the virtual asset market.

The rule applies to transfers exceeding $10,000, including those sent to self custody wallets or foreign entities. Whether the amount is sent in one go or accumulated throughout the day, the 24 hour hold will be triggered automatically. This also covers stablecoins pegged to fiat currencies.

While the delay is mandatory, providers can release funds sooner if they document a valid risk management reason. If they find no issues, the transaction must proceed once the 24 hour window closes. Exchanges will also need to keep detailed records of all fraud attempts.

These regulations go into effect on January 1, 2027. The Central Bank reserves the right to lower the dollar threshold or extend the waiting period if they identify noncompliance or rising security risks.