Brazil’s $252 billion crypto market gets $10,000 self-custody reporting rule
Summary
From Oct. 1, Brazil will require regulated financial institutions to report transfers of at least $10,000 to or from self-custody crypto wallets to Coaf by the next business day. Reporting is automatic and does not depend on suspicion. The rule expands visibility over crypto moving between regulated providers and private wallets. A separate measure, due Jan. 1, 2027, allows some outbound transfers to be held for additional checks. Covered firms must build systems to identify wallet counterparties, value transfers and file reports. The changes come as Brazil remains Latin America’s largest crypto market, despite a 1.6% contraction in measured activity during the latest period.
