Brazil's Central Bank Proposes 24-Hour Hold on Stablecoin Transfers Over $10,000

According to the Central Bank of Brazil, the institution proposed on June 26 a new measure implementing a 24-hour holding period for stablecoin remittances and cross-border payments valued at over $10,000. The hold would allow virtual asset service providers (VASPs) and exchanges to conduct risk analysis and due diligence on such transactions before release. The bank stated the retention is "exclusively precautionary in nature" and funds could be released earlier if risks are adequately addressed. The measure primarily impacts institutional and B2B use cases rather than retail users. Interested parties have until July 2 to submit comments on the proposed rule.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments