Original sourcecryptometer.io
Summary
Starting October 1, 2026, Brazil will require transfers of $10,000 or more to and from self-custody wallets to be reported to the Financial Crimes Committee (Coaf), under Central Bank Resolution No. 588, applicable to regulated institutions handling virtual assets. The threshold is a reporting trig…
Key points
- Gives users and firms using self-custody wallets and cross-border transfers advance notice of Brazil's new reporting and delay mechanisms.
- Brazil extends AML monitoring directly to self-custody wallets, potentially becoming a template for other emerging markets.
- Exchanges and custodians operating in Brazil must update reporting processes, while self-custody users may face transfer delays and additional documentation requirements.
Editorial note
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