Brazil Introduces 24-Hour Wait for Large Crypto Transfers

The Central Bank of Brazil has introduced a new regulation to enhance security in the country's digital asset ecosystem. The rule, set to take effect on January 1, 2027, requires companies to wait at least 24 hours for transfers exceeding $10,000. This precautionary measure aims to assess potential fraud risks by meticulously examining the customer’s risk profile, the identity of the counterparty involved, and the recipient’s location.

The regulation covers both traditional assets like Bitcoin (BTC) and stablecoins. The Central Bank defines this waiting period not as a permanent freeze on assets but as a necessary step to prevent cryptocurrency fraud. At the end of the 24-hour period, companies must either immediately approve or reject the transaction.

Firms that fail to comply could face severe penalties, such as extended waiting periods or transaction restrictions. Brazil ranks fifth globally in crypto adoption and has seen significant inflows, with approximately $318.8 billion worth of crypto entering the country between July 2024 and June 2025.