Binance Tightens Brazil Crypto Transfers From Nov. 1 With Mandatory New Checks

Binance is implementing new requirements for Brazilians trading crypto with counterparts outside the country. These new requirements will apply to certain international crypto transactions by Brazilians starting Nov. 1, 2026, including documentation about the nature of the trade and the counterpart, as well as the relationship between the two parties, if any.

The updates were made under Resolution BCB No. 521/2025, which included certain virtual-asset services in the Brazilian foreign exchange regime. The updates affect individuals and firms using Binance services in Brazil for transactions with nonresidents. Transactions between Brazilian residents are not subject to the new procedures.

Binance Brazil Users Face New International Transfer Checks

For international transfers, clients must fill out a questionnaire before making a transfer. According to Binance, questions include asking the client to provide information about the counterparty, such as whether the counterparty is an individual, corporation, bank, exchange, investment fund, charity, or other type. Corporate clients may be asked whether the counterparty is in the same economic group.

Purpose types vary based on asset transfer amount. The number of transfer purposes for amounts up to $50,000 is 10. The number of transfer purposes for transfers over $50,000 is 96. You must select a purpose that matches the real purpose of the transfer, as Binance will share this information with Brazil’s central bank.

International deposit applications can be pending until more information is provided. Binance may refund international deposits to the investor in some cases when requested information is not received. API users are protected and must update API endpoints to include new regulatory fields.

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Transfers between accounts owned by the customer in a foreign currency are international transfers. The customer acts as the counterparty and confirms that the accounts involved belong to the same owner.

Self-Custody and Transfer Limits Get Separate Treatment

Transfers to other self-hosted wallets owned by the customer are handled separately. According to Binance, no purpose for the transfer is required, but the customer will need to verify their identity. Binance will report the transfer to regulators according to appropriate regulatory definitions.

Another limitation applies if a foreign counterparty cannot do business in Brazil’s foreign exchange market. Under Resolution BCB No. 277, virtual asset service providers are limited to transfers or payments of up to $100,000 equivalent involving foreign parties who cannot do business in Brazil’s foreign exchange market. This is not a general limit on all cross-border virtual asset transactions.

Binance said the Nov. 1 initiative is unrelated to the Travel Rule for crypto transactions in Brazil. A Binance spokesperson said that implementation of the Travel Rule is expected to occur at a different pace, with domestic crypto transfers starting in 2027 and international ones starting in 2028.

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The additional checks provide more information to Binance about certain international transfers. Standard transfers between Brazilian residents are not affected. Binance has informed users that the additional information will be reported to the Central Bank of Brazil on a monthly basis.

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