Summary
Brazil's central bank has proposed a regulation requiring virtual asset service providers to impose a mandatory 24-hour hold on outbound dollar stablecoin transfers of $10,000 or more. The threshold applies both to individual transactions and to a client's cumulative daily transfers — preventing users from splitting large transfers to bypass the rule. The public consultation period ended July 2, 2026, with the rule expected to take effect by October 2026.
Key Facts
- Mandatory 24-hour hold on outbound stablecoin transfers ≥ $10,000
- Threshold applies to both individual transactions and cumulative daily transfers
- Rule specifically targets outbound transfers to foreign destinations or self-custody wallets
- Funds can be released early if AML/CTF checks are completed
- Stablecoins account for 80-90% of crypto trading volume and cross-border activity in Brazil
- Aligns with BCB Resolution 561 (effective October 1, 2026) restricting stablecoins in regulated eFX system
- Builds on broader 2026 licensing framework for VASPs
- VASPs will need to build systems for real-time screening, flagging, risk assessment, and release
Why It Matters
Brazil is Latin America's largest crypto market, and stablecoins dominate 80-90% of activity there. The 24-hour hold introduces meaningful friction for traders who depend on rapid execution, while compliance costs will pressure smaller VASPs. This is the latest in a series of regulatory moves by the BCB to bring crypto under traditional financial oversight, following Resolution 580/2026 (VASP classification as securities brokerages) and Resolution 561 (stablecoin eFX restrictions).