WuBlockchain
Brazil’s central bank issued Resolution BCB No. 588, bringing certain virtual asset transfers involving self-custody wallets under new reporting requirements from October 1, 2026. Transfers worth $10,000 or more to or from self-custody wallets will fall within the rules.
Why it matters
The measure expands Brazil’s AML/CFT framework to cover activity involving wallets that users control directly. It does not ban self-custody transfers or impose transaction limits.
Market impact
The resolution does not require multiple transactions below $10,000 to be automatically aggregated. Compliance obligations will instead focus on transfers meeting the stated threshold, adding reporting responsibilities for covered virtual asset activity in Brazil.
Source: [Banco Central do Brasil](https://www.bcb.gov.br/estabilidadefinanceira/exibenormativo?tipo=Resolu%C3%A7%C3%A3o%20BCB&numero=588)
Frequently asked questions
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When will Brazil’s self-custody wallet reporting rule take effect?
The reporting requirements take effect on October 1, 2026.
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What transfer amount triggers the new reporting requirement?
Certain virtual asset transfers worth $10,000 or more to or from self-custody wallets will be subject to reporting.
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Does Brazil’s rule ban self-custody wallets?
No. The resolution does not ban self-custody wallet transfers or prevent users from holding and moving assets through self-custody.
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Does the resolution impose transaction limits?
No. Resolution BCB No. 588 introduces reporting requirements but does not impose transaction limits.
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Will Brazil automatically combine multiple transfers below $10,000?
The resolution itself does not require multiple transactions below $10,000 to be automatically aggregated.
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