Brazil’s central bank will require virtual asset service providers (VASPs) to place precautionary holds of up to 24 hours on certain transfers to foreign platforms or self-custody wallets as part of new measures aimed at preventing fraud.

On Friday, the Banco Central do Brasil (BCB) said the requirement will apply to funds received above $10,000, either in a single transaction or based on a customer’s total transactions in a day. Providers must also hold other transfers requiring further scrutiny under their risk-management policies.

The rules take effect on Jan. 1, 2027. Providers must notify customers of holds and keep records of fraud incidents, attempted fraud and corrective actions. A VASP may complete its assessment and release…