Brazil's central bank will require some crypto transfers to self-custody wallets and foreign platforms to face delays of up to 24 hours from January 1, 2027. Resolution BCB No. 584 covers single transfers above $10,000 and combined daily transfers exceeding that level. Providers may also delay smaller transactions when risk controls detect concerns.
The rule applies after customers fund accounts with Brazilian reais or crypto, then move assets to self-custody wallets or overseas virtual asset service providers. It covers Bitcoin, stablecoins, and other virtual assets.
The Central Bank of Brazil designed the holding period as an anti-fraud safeguard rather than an asset freeze. Providers must review the customer, transaction, recipient, and destination jurisdiction before releasing or rejecting funds.
Providers must tell customers when they place a transfer under review and explain that the restriction is temporary. They may release funds earlier when a documented assessment finds that the transaction can proceed.
Resolution 584 expands Brazil's payment fraud framework into the virtual asset sector. It amends a 2021 rule that governs fraud-prevention procedures for payment providers.
The amended framework requires firms to maintain detailed daily records of crypto fraud and attempted fraud. Companies must also document the measures they use to detect and prevent suspicious activity.
How will the 24-hour review affect customers who regularly move large crypto balances? The rule sets the same review trigger for both single transfers and combined daily transfers above $10,000.
Also Read: Brazil Reaffirms Crypto Campaign Donation Ban Ahead of Presidential Election
The latest measure follows a regulatory framework that took effect on February 2. Those rules brought virtual asset providers under central bank supervision and established authorization, governance, security, and anti-money laundering requirements.
Brazil also began treating several stablecoin activities and international virtual asset transactions as foreign exchange operations. Further, May restrictions limited certain crypto and stablecoin cross-border settlements between payment providers and overseas counterparties.
Brazil ranked fifth in Chainalysis' 2025 Global Crypto Adoption Index. The country received about $318.8 billion in crypto from July 2024 through June 2025, nearly one-third of Latin America's activity.
Stablecoins accounted for more than half of Brazilian real-denominated crypto purchases during that period. Resolution 584 gives covered providers several months to update fraud monitoring and transaction review systems.
The measure applies to financial institutions, payment institutions and other crypto service providers operating during the country's regulatory transition. Firms that fail to comply could face longer holds or lower transaction thresholds.
Brazil will require high-value or flagged crypto transfers to undergo temporary fraud reviews from January 1, 2027. Resolution 584 covers self-custody wallets and foreign platforms while expanding existing fraud controls. Covered providers must update monitoring, recordkeeping, and customer notification procedures before the rule begins.