Brazil's Central Bank Proposes 24-Hour Hold on Large Stablecoin Transactions Over $10,000
Summary
Brazil's Central Bank has proposed a new regulation requiring a mandatory 24-hour hold on stablecoin remittances and cross-border payments exceeding $10,000. The measure is designed to give Virtual Asset Service Providers (VASPs) time to conduct due diligence and risk analysis on transactions. Funds may be released sooner if risks are addressed before the 24-hour window ends. The proposal targets regulated stablecoin use and could potentially reduce demand for national crypto brokers.
Source
bskyBrazil's Central Bank Proposes 24-Hour Hold on Large Stablecoin Transactions Over $10,000briefly.coKey quotes
· 3 pulledThe hold is precautionary and does not mean assets are definitively unavailable.
Funds may be released sooner if the intermediating VASP addresses the risks of the specific transaction before the 24-hour window ends.
The proposal targets regulated stablecoin use and could reduce demand for national crypto brokers.
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