The Central Bank of Brazil has introduced new regulations aimed at tightening the rules surrounding virtual asset withdrawals. Effective January 1, 2027, these regulations mandate that virtual asset service providers must hold any transfer exceeding $10,000 for a period of 24 hours when the funds are directed to foreign cryptocurrency firms or non-custodial wallets. This stipulation applies to both individual transactions and the cumulative amount a client transfers within a single day.
During this 24-hour holding period, companies are required to conduct an enhanced risk assessment and may choose to terminate the transaction prior to its completion. The Central Bank has clarified that this initiative is a precautionary measure and is not intended to block access to funds.
