Brazil's Central Bank Orders Exchanges to Delay Large Overseas Crypto Transfers
The new directive applies to cryptocurrency transfers exceeding $10,000 as well as smaller transactions flagged as risky.
Brazil's central bank has directed cryptocurrency exchanges operating in the country to implement delays on large digital asset transfers sent abroad, according to regulatory updates.
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The new mandate applies to any cross-border cryptocurrency transfers exceeding $10,000. Additionally, the directive covers smaller transactions that are flagged as risky by individual exchanges under their compliance and monitoring frameworks.
The measure is designed to give financial authorities enhanced oversight of capital flows leaving the jurisdiction through digital asset channels.
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