Brazil’s central bank has ordered virtual asset service providers (VASPs) to place precautionary holds of up to 24 hours on certain transfers. The rules, effective January 1, 2027, will apply to funds received above $10,000, either in a single transaction or based on a customer’s daily transaction total. Providers must also hold other transfers requiring further scrutiny under their risk-management policies. This measure is part of a global push to tighten crypto safeguards as regulators confront scams that exploit the speed and cross-border reach of digital assets.
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