According to Cryptoslate, Binance will, starting November 1, require Brazilian users to disclose the purpose of cross-border transfers of crypto assets and to identify the counterparty type; for business accounts, they must also state whether the counterparty belongs to the same economic group. Withdrawals cannot be made before the questionnaire is completed; deposits may remain pending, and in some cases with incomplete information the submission can be returned. The rules apply to transfers between non-residents, including transfers involving the user’s overseas exchange account; transfers between Brazilian residents are not affected. Binance will report monthly in accordance with Central Bank Resolution No. 521/2025. For amounts not exceeding USD 50,000, users will select from a list of 10 categories; for larger amounts, they must choose from 96 categories. For transfers where the counterparty is not authorized to conduct foreign exchange business outside Brazil, some transfer limits are USD 100,000. Transfers from a self-custody wallet only require confirmation of ownership. This requirement is separate from the Travel Rule, which is planned to cover domestic transactions in 2027 and international transfers in 2028.