Crypto Brief: Brazil Triggers 24-Hour Hold on $10K Crypto Transfers
Across major exchanges, the new controls include a precautionary 24-hour retention of funds exceeding $10,000 for an individual or aggregate transactions per day, to allow VASPs to conduct a risk analysis of these movements.
The bank stressed that these measures are preventive in nature.
The Central Bank of Brazil has published a new resolution to curb the use of digital assets for illicit purposes, given their growing use for the rapid transfer of funds involved in financial fraud.
On Friday, the Central Bank of Brazil issued Resolution 584 of 2026, which amends Resolution 142 of 2021 to include fraud-prevention procedures applicable to institutions part of the Brazilian Payment System operating with digital assets.
Article 2-B explicitly states that these institutions “can only execute transfer orders for digital assets 24 hours after receiving funds” when these transfers are directed toward foreign VASPs or self-custody wallets.
Furthermore, the Resolution specifies that these retentions must be applied when the funds involved “exceed the value of US$10,000.00 or its equivalent in other currencies per transaction or the total value of transactions carried out on the same day on behalf of the customer.” In a press release, the Central Bank of Brazil stressed that these retentions were precautionary in nature, allowing service providers to evaluate these transactions and apply their risk policies.
These funds can be released before the 24-hour window if service providers determine that they pose no risks, and individuals must be informed of the status of their funds at all times.
Finally, the resolution also establishes that virtual asset service providers (VASPs) “must keep daily records detailing occurrences of fraud or attempted fraud in the provision of payment services and of services of virtual assets, including detailing the corrective measures adopted.” The measures “strengthen the protection of financial services users and contribute to the safe development of the virtual asset market in Brazil,” the bank concluded.