
Brazil proposes 24-hour hold on crypto transfers
Brazil has proposed a rule that would allow crypto exchanges to hold some digital asset transfers for up to 24 hours when fraud is suspected.
Brazil bought US$14.68 billion worth of stablecoins during the first half of 2026, exceeding purchases of Bitcoin (CRYPTO:BTC) and reinforcing the country's preference for dollar-pegged digital assets.
Brazilian police have dismantled a money laundering network that allegedly processed about $196 million from cocaine trafficking using cryptocurrency and other financial channels.