Brazil Tightens Crypto Rules with $10K Reporting Threshold and 24-Hour Transfer Delay

The Central Bank of Brazil has announced new rules to combat money laundering and terrorism financing through cryptocurrency. From October, any crypto transfers exceeding $10,000 will require reporting across self-custody wallets.

This move is part of a broader effort to tighten controls on crypto assets in the country. The bank stated that the new regulations aim to prevent the misuse of the financial system for illicit activities.

In addition to this, Brazil has also introduced a mandatory 24-hour delay for crypto transfers, which will go into effect from January 2027. This delay is intended to minimize harm to victims of fraud and allow law enforcement to catch and block illicit flows in time.