On August 7, the Central Bank of Brazil introduced new regulations aimed at preventing fraud by mandating up to a 24-hour delay on certain cryptocurrency transfers, Reuters reported.
The new rule applies to transfers exceeding $10,000, targeting those sent to foreign cryptocurrency companies or self-managed wallets. The threshold is determined by both the amount of a single transfer and the total amount transferred by the same customer in one day.
The Central Bank noted that cryptocurrencies, including stablecoins, are often used to quickly move funds obtained from financial fraud...
