Brazil’s central bank is imposing a mandatory delay of up to 24 hours on certain cryptocurrency transfers exceeding $10,000, a move it says is designed to combat the rising use of digital assets in financial scams.

Announced on Thursday, the new anti-fraud regulation targets transfers sent to overseas virtual asset service providers and self-custody wallets. The threshold applies to both individual transactions and the cumulative daily volume moved by a single customer. The rule is set to take effect in 2027, giving financial institutions and crypto platforms time to adjust their monitoring systems.

The central bank emphasized that the measure is a temporary hold for scrutiny, not a permanent asset freeze or a block on transfers. It may…