Central Bank of Brazil delays crypto transfers to fight fraud
Latin America’s largest economy targets stablecoins after Trump’s tariffs against Pix
The Central Bank of Brazil (BCB) issued new regulations on August 7 delaying the transfer of crypto assets worth more than $10,000 to prevent financial fraud.
Virtual assets, including stablecoins, are increasingly used to rapidly transfer funds obtained through scams, the central bank said. Flows abroad or to self-custodied wallets make prevention and recovery efforts difficult.
In the announcement, published in Brazilian on its website, the central bank said virtual asset service providers
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