Binance Imposes New Transfer Rules for Brazilian Crypto Users

Binance has announced stricter controls on cross-border crypto transfers for Brazilian users starting November 1. The changes come in response to Resolution BCB No. 521/2025, which integrates international virtual-asset transfers into Brazil’s foreign exchange framework. The new rules require users to provide transaction purposes and counterparty information before processing certain deposits and withdrawals.

Under the new policy, Brazilian users must specify the purpose of international transfers and identify the type of counterparty involved. The purpose codes, set by Brazil’s central bank, range from payments for goods to international travel. Smaller transfers (under $50,000) use a simplified list of 10 purposes, while larger transactions require selection from a full list of 96 classifications.

Binance will block international withdrawals until the required questionnaire is completed. Deposits from abroad may remain pending or be returned if necessary details are missing. The rules apply to all international transfers, including those via API, with separate instructions for institutional and VIP customers.

Additionally, Brazil’s Resolution 521 imposes a $100,000 cap on transfers involving foreign counterparties not authorized in Brazil’s foreign exchange market. Binance will report gathered information to Brazil’s central bank monthly, stressing that these rules are separate from the country’s upcoming Travel Rule requirements.