ABcripto opposes Brazil's stablecoin transfer delay
ABcripto, the Brazilian Cryptoeconomy Association, asked the Central Bank of Brazil to suspend a proposal that would impose a 24-hour delay on stablecoin transfers exceeding US$10,000.
ABcripto, the Brazilian Cryptoeconomy Association, asked the Central Bank of Brazil to suspend a proposal that would impose a 24-hour delay on stablecoin transfers exceeding US$10,000.
Brazil purchased US$2.632 billion worth of stablecoins in May 2026, a 158% increase from a year earlier, while total digital asset purchases reached US$12.138 billion through the first five months of the year.
Brazil's Federal Public Ministry (MPF) reaffirmed that political parties and candidates cannot accept cryptocurrency donations for election campaigns ahead of the country's 2026 elections.
Stablecoin adoption for cross-border payments has reached 71% among Latin American institutions.
Brazilian Federal Deputy Jonas Donizette has introduced Bill 2946/2026, a proposal that would transform the country's existing cryptocurrency regulations into federal law and establish a permanent legal framework for virtual asset service providers.
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