Brazil Delays Crypto Transfers Over $10,000 Amid Growing Scam Concerns

Brazil's central bank is implementing new anti-fraud rules for cryptocurrency transfers. The rule will delay some transfers by up to 24 hours if they exceed $10,000 and are sent to foreign virtual-asset firms or self-custody wallets.

The delay can be measured per transaction or by a customer's total transfers in a single day. This measure is designed to combat financial scams that use stablecoins and other cryptocurrencies to quickly move money.

The central bank emphasized that the rule does not freeze assets permanently, but rather provides closer scrutiny under risk-management policies.