Binance Cracks Down on Cross-Border Crypto Transfers in Brazil
Binance has announced new compliance requirements for Brazilian customers sending or receiving cryptocurrency abroad. Starting November 1, users will be required to provide additional information for cross-border transfers, including the purpose of each transfer and identification of the counterparty type.
Corporate accounts must also disclose whether the other party belongs to the same economic group. Binance will report these transactions monthly to Brazil's central bank under Resolution BCB No. 521/2025, which brings international virtual-asset transfers into the country's foreign-exchange framework.
The requirement creates a new compliance checkpoint for cross-border crypto flows. Withdrawals cannot be submitted until the questionnaire is completed, while incoming deposits can remain pending and may be returned if users fail to provide the required information.