Crypto Exchanges
By Jean-Luc Maracon
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What Exchanges Must Actually Do. Under the resolution, exchanges can't just sit on transactions passively.
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The Fraud Problem Driving This. Brazil has been dealing with a persistent problem: fraudsters using crypto and stablecoins to move…
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Compliance Costs and Competitive Pressure. The operational burden on exchanges is real. Building out risk assessment infrastructure —…
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Brazil's central bank just dropped a major rule on crypto exchanges. Starting January 1, 2027, any transfer abroad topping $10,000 gets a mandatory 24-hour hold — and the…
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The measure comes under Resolution BCB No. 584/2026, published August 7. It's aimed squarely at financial fraud — specifically the kind where criminals move stolen funds through…
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Under the resolution, exchanges can't just sit on transactions passively. They're required to run risk assessments on each transfer — looking at the customer's profile, the…
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That's a meaningful operational shift. It's not just a delay button. Exchanges basically become active gatekeepers, responsible for building and running the systems that make…
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Regina Pedroso, president of Brazilian tokenization group Abtoken, said the rules could impose additional costs on legitimate users and hurt the competitiveness of domestic…
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Brazil has been dealing with a persistent problem: fraudsters using crypto and stablecoins to move money out of the country before anyone can stop them.
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More context: CLARITY Act Vote Pushed to September as 60-Vote Hurdle Looms for Crypto Bill
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The 24-hour window gives authorities and exchanges a chance to catch transactions tied to financial crimes before the funds are gone.
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The rule also covers transfers to self-custody wallets, not just foreign exchanges. That's worth noting.
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The operational burden on exchanges is real. Building out risk assessment infrastructure — profiling customers, monitoring transaction patterns, logging decisions, sending…
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Pedroso's warning about competitiveness is tied to this. Brazilian exchanges already operate under a regulatory framework that's more structured than many of their regional peers.
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More context: Coldcard Hardware Wallet Breach Tops $100M as July Crypto Losses Hit $247M
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