Brazil's central bank has ordered crypto exchanges to delay large transfers sent abroad, according to CoinDesk. The rules take effect Jan. 1, 2027, according to Cointelegraph.

• The hold applies to transactions above $10,000 sent to overseas providers or to self-custody wallets, according to Cointelegraph.
• Other transfers flagged for review during compliance checks will also be subject to the delay, according to Cointelegraph.
• Exchanges may hold qualifying transfers for up to 24 hours before completing them, according to Cointelegraph.

The measure is aimed at curbing crypto-related fraud by giving authorities and platforms a window to review suspicious transactions before funds leave the country, according to Cointelegraph. CoinDesk reports the directive comes from Brazil's central bank as part of its oversight of exchanges handling cross-border crypto transfers.

Sources: CoinDesk, Cointelegraph

This article is for information only and is not financial advice.