Brazil Slows Down Crypto Transfers with New 24-Hour Delay Rule

Brazil's central bank has introduced a new regulation that will require crypto exchanges to hold certain outbound transfers for 24 hours before releasing them. This is in an effort to combat fraud and give banks, exchanges, and victims time to intervene before stolen funds disappear across borders.

The rule applies to transfers exceeding $10,000 in crypto or stablecoins, as well as smaller transfers flagged as suspicious by the exchange's risk controls.

Exchanges can release funds early if their review turns up no evidence of wrongdoing, but they must document this decision and notify the customer. The new regulation takes effect on January 1, 2027, giving exchanges roughly a year and a half to prepare.