Brazil to Require Reporting of Self-Custody Wallet Transfers of $10,000 or More Starting October 1

Brazil’s central bank has issued Resolution BCB No. 588, amending existing AML/CFT rules to include certain virtual asset transfers involving self-custody wallets. Starting October 1, 2026, virtual asset transfers worth $10,000 or more to or from self-custody wallets will be subject to reporting requirements. The new rules do not ban self-custody wallet transfers or impose transaction limits. The resolution itself also does not require multiple transactions below $10,000 to be automatically aggregated. — link

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