1 month ago
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Key Takeaways:
- BCB proposes 24-hour hold on $10K+ transfers
- Rule targets self-custody and cross-border flows
- Local stablecoins already trade at 2% premium
- Framework takes effect October 2026 if approved
The Central Bank of Brazil (BCB) wants Virtual Asset Service Providers to hold stablecoin and other virtual asset transfers above $10,000 for up to 24 hours before releasing them, when the destination is a foreign platform or a self-custody wallet such as MetaMask. The threshold applies per transaction or per client per day, closing the split-transfer loophole that would otherwise defeat the rule.
The design is a review window rather than a freeze. VASPs can release funds earlier if their risk checks clear, and the central bank has framed the pause as “exclusively precautionary,” modeled on Singapore’s payment-fraud controls and South Korea’s 2026 rules on self-custody transfers. The consultation period closed on Ju...
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