Binance Introduces New Disclosure Rules for Brazil Crypto Transfers

Binance has announced new disclosure rules for crypto transfers involving nonresidents in Brazil, set to take effect on November 1, 2026. Users will need to provide details about the purpose and type of counterparty for cross-border transactions. This requirement also applies to transfers between a user’s Brazilian account and their account at an overseas exchange.

Before submitting a withdrawal, users must complete a questionnaire. Deposits may be pending or returned if the required information is incomplete. Transfers between Brazilian residents are exempt from these rules. Business accounts must disclose whether the counterparty belongs to the same economic group, while self-hosted wallets only require ownership confirmation.

For transfers below $50,000, users will select from a list of 10 purposes. Larger amounts will use a more detailed list of 96 categories, though the exact threshold is unspecified. Some transfers are limited to $100,000 if the counterparty is not authorized to conduct foreign-exchange business in Brazil.

Binance will submit the collected information monthly under Brazilian Central Bank Resolution No. 521/2025. These disclosure rules are separate from the planned travel rule, which will cover domestic transfers in 2027 and international transfers in 2028.