No More Instant Crypto Transfers in Brazil? Central Bank Introduces New Law

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Brazil’s central bank (BCB) published Resolution 584 on Friday, amending existing fraud-prevention rules for payment services to also cover virtual asset services. The new regulation requires qualifying crypto asset service providers to delay certain transfers by 24 hours. This measure aims to strengthen protection against fraud in Brazil’s crypto ecosystem.

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Telemac
Telemachttp://cryptoinfo.ch
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