Brazil Central Bank Slows Down Large Crypto Transfers

Brazil's central bank has ordered cryptocurrency exchanges to delay large crypto transfers abroad.

The move is aimed at protecting the country's financial system from potential risks associated with cryptocurrencies, according to a statement from CoinDesk.

The exact details of the policy are not specified in the source, but it appears that exchanges will be required to hold onto funds for a period of time before transferring them out of the country.