Brazil plans to strengthen cryptocurrency remittance regulations to prevent fraud, Unfolded reported. The Central Bank of Brazil will mandate a maximum 24-hour delay for cryptocurrency transfers exceeding $10,000 per transaction or per day cumulatively, when sent to foreign Virtual Asset Service Providers (VASPs) or self-custody wallets, starting in 2027. The media explained that the purpose of this measure is to strengthen scrutiny of cryptocurrency remittances to prevent fraud and illegal money movement using stablecoins and virtual assets.
