Binance will introduce mandatory disclosure requirements for all international crypto transfers involving Brazilian users starting November 1, following new rules issued by the Central Bank of Brazil under Resolution BCB No. 521/2025.
The exchange will also block or delay certain transfers when users fail to provide required information, marking one of the most significant compliance shifts in Brazil’s digital‑asset landscape.
The changes form part of Brazil’s effort to bring cross‑border crypto flows into its foreign‑exchange system, strengthen oversight, and align with global anti-money laundering (AML) standards.
Regulatory Background and What Triggered the Change
The new requirements stem from Resolution BCB No. 521/2025, which amends earlier rules and formally incorporates international virtual‑asset transfers into Brazil’s foreign‑exchange framework.
The Central Bank now treats cross‑border crypto movements—whether to foreign exchanges, self‑hosted wallets, or non‑resident individuals or companies—as foreign‑exchange operations requiring purpose classification and counterparty identification.
Binance announced that the update applies exclusively to Brazilian users and only to transfers involving counterparties outside Brazil. Domestic transfers between Brazilian residents or Brazilian platforms remain unchanged.
The exchange emphasized that the update is not related to the Travel Rule, which Brazil will implement separately in phases in 2027 and 2028.
Brazil’s strategy is to increase visibility into cross‑border crypto flows, particularly stablecoin movements, which regulators say represent a large share of international digital‑asset activity.
Binance Requirements Starting November 1
Beginning November 1, Brazilian users sending crypto abroad—or receiving crypto from non‑residents—must complete a mandatory questionnaire before the transfer can be processed.
Withdrawals cannot be submitted until the form is completed, and deposits may remain pending or be returned if users fail to provide the required information.
Users must disclose:
- The purpose of the transfer.
For transfers up to USD 50,000, users select from a simplified list of 10 purposes, including own‑account transfers, purchases of goods or services, donations, and travel. For transfers above USD 50,000, users must choose from the full list of 96 classifications defined by the Central Bank.
- The identity and type of the counterparty.
Users must specify whether the counterparty is an individual, company, bank, exchange, investment fund, nonprofit, or other category. Corporate accounts must additionally confirm whether the counterparty belongs to the same economic group.
- Ownership confirmation for self‑hosted wallets.
Transfers to self‑custody wallets require users to confirm that they own the wallet. Transfers to their own accounts on foreign exchanges may be pre‑filled but still require verification.
All collected information will be reported monthly to the Central Bank of Brazil.
How Deposits and Withdrawals Will Be Affected
For withdrawals to non‑residents, users must complete the questionnaire before the transaction is submitted. Binance will block withdrawals until all required fields are filled.
For deposits from non‑residents, the transaction will remain pending until users provide the purpose of the transfer and identify the sender. In some cases, deposits may be returned if users fail to complete the required information.
Transfers involving counterparties not authorized to operate in Brazil’s foreign‑exchange market will be subject to a USD 100,000 per‑transaction cap. This limit may increase to USD 500,000 with prior notice.
Transfers between Brazilian residents or Brazilian platforms are unaffected and will continue operating normally.
