Brazil Introduces 24-Hour Delay on Large Crypto Transfers

Brazil's Central Bank is introducing stricter controls on large cryptocurrency transfers to prevent fraudsters from quickly moving illicit funds. Starting in 2027, certain crypto transfers above $10,000 will face a delay of up to 24 hours under new anti-fraud rules.

The measure applies to transfers sent to foreign virtual asset firms and self-custody wallets. The threshold can be reached through a single transaction or through the combined value of a customer's transfers during the same day.

Exchanges and financial institutions will have more time to review suspicious transactions before funds can be moved further. The Central Bank stressed that this is not an asset freeze or permanent block on transfers, but rather a temporary delay for additional checks.