Brazil Imposes Up to 24-Hour Transfer Hold on Crypto to Combat Fraud
New regulations set to take effect in January 2027 allow Brazilian financial institutions to hold certain cryptocurrency transfers for up to 24 hours.
Brazil has introduced new regulatory measures aimed at curbing cryptocurrency-related fraud, granting financial institutions the authority to place transfers on hold for up to 24 hours.
The rules, scheduled to become effective on January 1, 2027, apply specifically to cryptocurrency transactions exceeding $10,000 sent to overseas providers or self-custody wallets. Additionally, the transfer hold mechanism covers other digital asset transactions that are flagged for review by financial institutions.
The initiative forms part of broader efforts within the jurisdiction to tighten oversight on digital asset movements and mitigate illicit activities involving cross-border and self-hosted wallet transfers.
Marcus reports on digital assets, from spot ETF flows to protocol-level developments in DeFi. He pays particular attention to how institutional adoption is reshaping crypto market structure.
Plus de Marcus Webb →