Home Brazil Proposes 24-hour Hold On Large Stablecoin Transfers

Brazil Proposes 24-hour Hold On Large Stablecoin Transfers

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Brazil Proposes 24-hour Hold On Large Stablecoin Transfers
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Brazil’s central bank has proposed a mandatory 24-hour holding period for stablecoin transactions exceeding $10K, giving virtual asset service providers additional time to verify customer information and assess transaction risks before releasing funds.

Under the proposal, exchanges and crypto service providers would use the holding period to conduct risk analysis and ensure transactions match a customer’s financial profile.

However, funds could be released earlier if compliance checks are completed before the 24-hour period ends. The proposal is part of Brazil’s broader effort to strengthen anti-money laundering controls while supporting the safe development of its digital asset market.

Regulators stressed that the temporary hold is purely precautionary and does not permanently restrict customer access to their assets. If adopted, the framework could become another important benchmark for stablecoin regulation in Latin America.

 

 

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Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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