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Brazil targets self-custody crypto with $10K reporting rule, 24-hour transfer delay

Brazil targets self-custody crypto with $10K reporting rule, 24-hour transfer delay

Brazil crypto rules are set to get tougher in Q4 2025 and get even stricter from next year. 

The Central Bank of Brazil’s order this week formally expands reporting requirements for crypto transfers above $10K across self-custody wallets. 

Here, it’s worth noting that the new reporting regime is not strictly on crypto transfers. Any payments or funds transfers via foreign exchange or local cash above R$50,000.00 (about $10K) must be reported. 

Brazil crypto Brazil crypto
Source: Central Bank of Brazil

In the statement, the Central Bank of Brazil said the move is aimed at “preventing the use of the financial system for money laundering, concealment of assets or financing of terrorism.” The rule will be effective from 1st October. 

However, the…

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