Forecast Trend Report by Period
Brazil’s central bank will require a 24-hour hold on certain cryptocurrency withdrawals above $10,000 as part of efforts to combat money laundering and financial fraud.
The Block reported on August 9 that the Banco Central do Brasil has issued a rule requiring virtual-asset service providers to delay withdrawals for 24 hours in certain cases when users move assets, after depositing funds into their accounts, to self-custody wallets or overseas crypto platforms.
The rule applies when a single transaction or cumulative daily transfers exceed $10,000. Providers may also impose the same delay on transactions below $10,000 if they judge there is a…
