Brazil Delays Crypto Transfers Over $10,000 Amid Anti-Fraud Push

Brazil's central bank has implemented new anti-fraud rules for cryptocurrency transfers. The measures aim to curb financial scams by delaying certain transactions. According to the central bank, some transfers will have to be delayed by up to 24 hours.

The rule applies to transfers over $10,000 sent to foreign virtual-asset firms or to self-custody wallets. This threshold can be measured per transaction or by a customer's total transfers in a single day.

The delay could also apply to other transactions that require closer scrutiny under risk-management policies, the central bank said. However, it emphasized that this is not an asset freeze and does not permanently block transfers.