No More Instant Crypto Transfers in Brazil? Central Bank Introduces New Law

AI Summary Brazil’s central bank has introduced a rule requiring covered crypto service providers to delay certain transfers for 24 hours as a precaution against fraud. The Central Bank of Brazil (BCB) published Resolution 584 on Friday, amending existing fraud-prevention rules for payment services to also cover virtual asset services. The rules require qualifying transfers to be The post No More Instant Crypto Transfers in Brazil? Central Bank Introduces New Law appeared first on BeInCrypto . fulltext: 493 chars | fulltext source: rss-fallback | summary method: extractive Original: https://beincrypto.com/brazil-central-bank-crypto-transfer-delay/ Source: BeInCrypto