Brazil Imposes 24-Hour Delays on Crypto Transfers Over $10,000

Brazil's central bank has announced that certain cryptocurrency transfers will face delays of up to 24 hours under new anti-fraud rules taking effect next year. The measure targets transfers over $10,000 to foreign virtual-asset firms or self-custody wallets, measured per transaction or daily customer totals.

The delay is intended to curb illicit use of stablecoins in scams and ransomware, as these types of transactions often exploit the speed of cryptocurrency transactions to bypass security checks. The rule will increase scrutiny across centralized exchanges (CEXs), decentralized exchanges (DEXs), and DeFi rails.