Brazil Wants Large Stablecoin Transactions to Clear After a Day
Brazil’s central bank has put forward a proposal that introduces a mandatory review period for certain high-value transactions, giving crypto service providers additional time to perform compliance checks before funds are released. Under the proposal, transfers made with stablecoins that exceed $10,000 would be subject to a holding period of up to 24 hours. During that time, virtual asset service providers (VASPs) would assess the transaction for potential risks, confirm that it aligns with the customer’s financial profile, and complete other required due diligence procedures. The central bank noted that the delay is intended purely as a precautionary measure rather…
