Brazil's central bank is preparing a rule that would require crypto firms to hold stablecoin transfers above $10,000 for up to 24 hours before sending them abroad or to self-custody wallets, The Rio Times Online, an English-language Brazil and Latin America news site, reported on July 3.
- The outlet said the draft was presented to crypto industry groups on June 26, but didn't link to a public central bank document or identify a consultation number.
The draft would apply to transfers above that amount either in a single transaction or across one client's activity in a day, according to the report. Industry groups had until July 2 to respond, and the rule is expected to take effect in October 2026.
The new rule, per the report, would give crypto firms more time to screen transfers for fraud and money laundering before tokens leave Brazilian platforms for foreign exchanges or private wallets.
- Reuters reported earlier that Brazil's central bank estimated around 90% of the country's crypto flow was tied to stablecoins.
- The proposal also fits Brazil's broader regulatory shift as the local central bank had already moved to treat stablecoins as foreign-exchange operations, meaning stablecoin transfers can face the same kind of scrutiny as money moving in and out of the country.