Binance Tightens Brazil Cross-Border Crypto Transfers From Nov. 1
Binance will require users in Brazil to disclose the purpose and counterparty details for cross-border crypto transfers starting Nov. 1.
Withdrawals cannot be submitted until the required questionnaire is completed. Deposits may remain pending or, in some cases, be returned if the required information is missing.
The new requirements do not apply to crypto transfers between Brazilian residents.
Binance will report these transactions monthly to Brazil’s central bank under Resolution BCB No. 521/2025.
Transfers of up to $50,000 will use a 10-purpose classification list, while larger transfers will require one of 96 classifications. Some transfers may also be capped at $100,000 if the counterparty is not authorized to operate in Brazil’s foreign-exchange market.
Binance will require users in Brazil to disclose the purpose and counterparty details for cross-border crypto transfers starting Nov. 1.
Withdrawals cannot be submitted until the required questionnaire is completed. Deposits may remain pending or, in some cases, be returned if the required information is missing.
The new requirements do not apply to crypto transfers between Brazilian residents.
Binance will report these transactions monthly to Brazil’s central bank under Resolution BCB No. 521/2025.
Transfers of up to $50,000 will use a 10-purpose classification list, while larger transfers will require one of 96 classifications. Some transfers may also be capped at $100,000 if the counterparty is not authorized to operate in Brazil’s foreign-exchange market.