WuBlockchain
From Nov. 1, Binance users in Brazil must provide the purpose and counterparty for cross-border crypto transfers before submitting withdrawals. Deposits may remain pending or be returned if the required information is missing. Transfers between Brazilian residents are unaffected.
Why it matters
The requirements implement Brazil’s Resolution BCB No. 521/2025. Binance will report the transactions monthly to the country’s central bank, bringing added compliance checks to cross-border crypto activity.
Market impact
Transfers of up to $50,000 will use a list of 10 purposes, while larger transfers require one of 96 classifications. Some transfers are capped at $100,000 when the counterparty is not authorized in Brazil’s foreign-exchange market. Users sending funds across borders will need to complete the required details to avoid delays or returned deposits.
Source: [JavaScript is disabled](https://www.binance.com/en/support/faq/detail/be91ee498b2c46e090399d7b9e888d82)
Frequently asked questions
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When do Binance’s new Brazil transfer disclosure rules begin?
The requirements take effect Nov. 1. Users must provide the purpose and counterparty details for cross-border crypto transfers.
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What happens if a user does not provide the required transfer details?
Withdrawals cannot be submitted until the questionnaire is complete. Deposits may remain pending or be returned if information is missing.
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Do the new requirements apply to transfers between Brazilian residents?
No. Transfers between Brazilian residents are unaffected by the new disclosure requirements.
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How will Binance report Brazil cross-border crypto transfers?
Binance will report the transactions monthly to Brazil’s central bank under Resolution BCB No. 521/2025.
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When does the $100,000 transfer cap apply?
Some transfers are capped at $100,000 when the counterparty is not authorized in Brazil’s foreign-exchange market.
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