In light of the growing trend of crypto scams, Brazil’s central bank is enforcing stronger anti-fraud regulations for cryptocurrency transfers.

The new regulations, which will go into effect in 2027, will cause a 24-hour delay in cryptocurrency transfers exceeding $10,000 made to self-custody wallets or foreign virtual-asset service providers. Meanwhile, banks and other financial institutions will perform additional risk assessments.

Details of the new crypto rule

The $10,000 threshold can be applied to a single transaction or to the total amount of a customer’s cryptocurrency transfers made in a single day. Therefore, if the sum of several smaller transactions surpasses the $10,000-threshold, the rule may be activated.

The…