Brazil Slaps 24-Hour Hold on Crypto Transfers Over $10,000

Brazil is set to introduce new regulations on cryptocurrency transactions starting January 1, 2027. The Central Bank of Brazil has published Resolution BCB No. 584/2026, which requires virtual asset service providers (VASPs) to hold large outbound transfers for a minimum of 24 hours before processing.

The rule applies to transactions exceeding $10,000 and is aimed at curbing financial fraud by giving authorities time to run risk analyses on flagged transactions. However, smaller transactions can also be subjected to the 24-hour hold if a VASP's internal systems flag them as risky, making it not just about size but also suspicion.

VASPs operating in Brazil will have to document every decision made regarding these holds and notify customers when a transfer is being delayed. There is an exception: if a VASP completes its review and identifies no risk, it can release the funds before the full 24 hours elapse.