Wu Blockchain (@WuBlockchain): Brazil to Delay Certain Crypto Transfers Over $10,000 for Up to 24 Hours
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Brazil to Delay Certain Crypto Transfers Over $10,000 for Up to 24 Hours According to Reuters, Brazil's central bank will introduce new anti-fraud rules for crypto assets starting next year. Transfers of more than $10,000 to overseas virtual asset service providers or self-custody wallets may be delayed for up to 24 hours. The threshold may apply to either a single transaction or a customer's cumulative transfers in one day. Other transactions requiring further review under risk management policies may also be delayed. The central bank said the measures aim to address the rapid transfer of proceeds from financial fraud through virtual assets, including stablecoins. It added that the measures do not constitute an asset freeze and will not permanently block transfers.