Brazil tightening crypto rules but self-custody stays legal
Starting Oct 1: Regulated exchanges must report any transfers $10k+ to/from self-custody wallets
From Jan 2027: Large outbound transfers could face 24hr delays
Bottom line for Brazilian degens:
More surveillance
More reporting to authorities
But you still own your keys
Not a ban just increased friction and KYC creep
If you're moving serious size expect the state to know about it
Starting Oct 1: Regulated exchanges must report any transfers $10k+ to/from self-custody wallets
From Jan 2027: Large outbound transfers could face 24hr delays
Bottom line for Brazilian degens:
More surveillance
More reporting to authorities
But you still own your keys
Not a ban just increased friction and KYC creep
If you're moving serious size expect the state to know about it