Brazil Triggers 24-Hour Hold on $10K Crypto Transfers

AI Summary The new controls include a precautionary 24-hour retention of funds exceeding $10,000 for an individual or aggregate transactions per day, to allow VASPs to conduct a risk analysis of these movements. The bank stressed that these measures are preventive in nature. Central Bank of Brazil Issues 24 Hour Retention Period For $10,000 Transactions The Central […] fulltext: 366 chars | fulltext source: rss-fallback | summary method: extractive Original: https://news.bitcoin.com/regulation-and-legal/brazil-triggers-24-hour-hold-on-10k-crypto-transfers/ Source: Bitcoin.com News