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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.
- 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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