Brazil will require reporting of $10,000 or more in crypto transfers involving self-custody wallets starting October 1, 2026.
- Brazil will implement a new regulation starting October 1, 2026, requiring financial institutions to report crypto transfers of $10,000 or more involving self-custody wallets to the COAF.
- This measure is part of Brazil's broader effort to enhance anti-money laundering (AML) oversight in the digital asset space, without banning self-custody or limiting transaction amounts.
- The new rule, Resolution 588, is distinct from a separate 24-hour retention measure set to begin in 2027, and aims to increase transparency in crypto transactions facilitated by regulated entities.
Topics: Legal regulatory, Jurisdictions, Compliance, 3 1 securities law classification, 2 1 established hubs, 33 2 kyc aml frameworks
Tags: #brazil #selfcustody #cryptotransfers #reportingthreshold #aml #coaf #resolution588 #virtualassets #financialintelligence
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