Brazil Targets Self-Custody Wallets With $10K Reporting Rule and 24-Hour Transfer Delay
- —Reporting threshold set at transactions of $10,000 and above
- —Up to 24-hour delay planned for transfers to self-custody wallets
- —Regulators cite anti-money laundering and tax evasion concerns
- —Unclear who must report: the user, the platform, or both
Why it matters: Tightening self-custody rules in one of Latin America's largest crypto markets could curb private wallet use and set a precedent for other jurisdictions.
Source: CriptoTendencias
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