Brazil targets self-custody crypto with $10K reporting rule, 24-hour transfer delay

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Brazil’s Central Bank is requiring the reporting of all cryptocurrency transfers exceeding $10,000 through self-custody wallets, effective October 1st, in an effort to prevent money laundering, asset concealment, and terrorism financing. Starting January 2027, a mandatory 24-hour delay will be imposed on cryptocurrency transfers to protect fraud victims and allow authorities to freeze illicit funds. This regulation is part of coordinated global pressure to strengthen anti-money laundering efforts aligned with Financial Action Task Force (FATF) recommendations. The United Kingdom, Australia, and Singapore have adopted similar measures with delays ranging from 24 to 72 hours.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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