✉news BusinessBanking first seen 1 h ago, last 1 h ago, peak #33
Brazil to Require Reporting on Large Self-Custody Crypto Transfers
Original: Brazil targets self-custody crypto with $10K reporting rule, 24-hour transfer delay
Brazil has introduced new rules targeting self-custody cryptocurrency: transfers of $10,000 or more would need to be reported, and such transfers could face a 24-hour delay. The measures are aimed at tightening oversight of crypto held outside exchanges, and are drawing attention from investors and industry watchers concerned about privacy and the practical impact on moving funds.
Why now: Regulators moving to restrict and monitor self-custody crypto raises concerns about financial privacy and market impact.
Brazilcryptocurrencyself-custody wallets
Evidence
- Brazil targets self-custody crypto with $10K reporting rule, 24-hour transfer delay · Cryptonews.net
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