Brazil tightens crypto transfers to curb fraud
SAO PAULO, Aug 7 : Brazil's central bank said on Friday that some cryptocurrency transfers will have to be delayed by up to 24 hours under new anti-fraud rules.
- The central bank said the move reflects the growing use of virtual assets, including stablecoins, to quickly move money obtained through financial scams.
- The rule, which takes effect next year, applies to transfers over $10,000 sent to foreign virtual-asset firms or to self-custody wallets.
- The threshold can be measured per transaction or by a customer's total transfers in a single day.
CNA Games Guess Word Crack the word, one row at a time Buzzword Create words using the given letters Mini Sudoku Tiny puzzle, mighty brain teaser Mini Crossword Small grid, big challenge Word Search Spot as many words as you can Show More Show Less • The central bank said the delay could also apply to other transactions that require closer scrutiny under risk-management policies. • It added that the measure is not an asset freeze and does not permanently block transfers.
- The central bank said the delay could also apply to other transactions that require closer scrutiny under risk-management policies.
- It added that the measure is not an asset freeze and does not permanently block transfers.
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