#Binance
Binance tightens Brazil crypto transfers from Nov. 1
Binance has announced new checks for cross-border crypto transfers involving Brazilian users from Nov. 1, requiring transaction purposes and counterparty information before some deposits and withdrawals can be processed.
Binance said the changes follow Resolution BCB No. 521/2025, which brought international virtual-asset transfers into Brazil’s foreign exchange framework and created new reporting obligations for crypto service providers.
The requirements cover individuals and companies using Binance in Brazil when crypto moves between a Brazilian resident and a non-resident. Sending assets to a user’s own account on an overseas exchange counts as an international transfer under the rule. Transfers between two Brazilian residents are not affected.
Binance users must explain why crypto is moving abroad
From Nov. 1, Brazilian users making international crypto transfers through Binance will need to provide the purpose of the transaction and identify the type of counterparty receiving or sending the assets.
Binance explained that users may need to provide up to three pieces of information. The first is the purpose of the transfer. The second identifies the counterparty as an individual, company, bank, exchange, investment fund, nonprofit or another category. Corporate accounts must state whether the other company belongs to the same economic group.
Purpose codes come from classifications set by Brazil’s central bank. Examples include transfers between a person’s own accounts, payments for goods, IT services, business services, donations and international travel. Binance said the category chosen must match the real reason for the transaction because the information is reported to the regulator
The number of available categories depends on transaction size. Transfers worth $50,000 or less, or the equivalent in another currency, use a simplified list of 10 purposes. Transactions above $50,000 require users to choose from the full list of 96 classifications.#Write2Earn #bnb $BNB
Binance tightens Brazil crypto transfers from Nov. 1
Binance has announced new checks for cross-border crypto transfers involving Brazilian users from Nov. 1, requiring transaction purposes and counterparty information before some deposits and withdrawals can be processed.
Binance said the changes follow Resolution BCB No. 521/2025, which brought international virtual-asset transfers into Brazil’s foreign exchange framework and created new reporting obligations for crypto service providers.
The requirements cover individuals and companies using Binance in Brazil when crypto moves between a Brazilian resident and a non-resident. Sending assets to a user’s own account on an overseas exchange counts as an international transfer under the rule. Transfers between two Brazilian residents are not affected.
Binance users must explain why crypto is moving abroad
From Nov. 1, Brazilian users making international crypto transfers through Binance will need to provide the purpose of the transaction and identify the type of counterparty receiving or sending the assets.
Binance explained that users may need to provide up to three pieces of information. The first is the purpose of the transfer. The second identifies the counterparty as an individual, company, bank, exchange, investment fund, nonprofit or another category. Corporate accounts must state whether the other company belongs to the same economic group.
Purpose codes come from classifications set by Brazil’s central bank. Examples include transfers between a person’s own accounts, payments for goods, IT services, business services, donations and international travel. Binance said the category chosen must match the real reason for the transaction because the information is reported to the regulator
The number of available categories depends on transaction size. Transfers worth $50,000 or less, or the equivalent in another currency, use a simplified list of 10 purposes. Transactions above $50,000 require users to choose from the full list of 96 classifications.#Write2Earn #bnb $BNB
