Brazil Sets $10K Self-Custody Crypto Reporting Rule
14 Articles
14 Articles
By Pedro Abramo Júnior* The Central Bank has published two resolutions that change few devices, but reach decisive points in the market for virtual assets. Resolution BCB No 588 places the transfers involving self-custodial portfolios on the automatic radar of the Council for the Control of Financial Activities (Coaf). Resolution BCB No 589 reinforces the role of banks [...] The post OPINION: With self-custodial in Coaf, what changes to the cryp…
The Central Bank of Brazil will require the Krypto Company to report on transfers of $10,000 related to non-castodial purses as of 1 October, where users store the keys to access the assets themselves, without outside control.
Brazil to require $10,000 self-custody crypto transfer repor
🚨 Brazil to require $10,000+ crypto self-custody transfers to be reported from October 2026. 💡 The new rule mandates that covered institutions must report qualifying transactions to COAF. 🕒 Resolution 588 sets a reporting threshold, not a transaction cap, and is separate from...
The Banco Central do Brasil (BCB) issued new resolutions for the cryptocurrency market on Wednesday (23), both signed by Nilton José Schneider David, Director of Alternative Regulation. Resolution BCB 588/2026 changes the procedures for controlling capital concealment crimes in companies in the area. Thus, the directive imposes the monitoring of transfers [...] Source: Bacen includes monitoring of balances in bitcoin self-custodial and cryptocur…
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