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Brazil’s Central Bank Proposes 24-Hour Holds on High-Value Crypto Transfers

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Brazil’s central bank has proposed new safeguards requiring virtual asset service providers to place precautionary holds of up to 24 hours on certain crypto transfers to foreign platforms and self-custody wallets. The measure would apply to amounts exceeding $10,000 (roughly Rs. 9.5 lakh) received in a single transaction or across a customer’s transactions in one day. If adopted,

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