Brazil’s central bank has proposed a new regulatory measure requiring cryptocurrency firms to hold large stablecoin transfers abroad for a full 24 hours before execution.
The proposal targets dollar-pegged tokens, effectively placing a temporary leash on the speed at which capital can be moved out of the country through digital assets.
The regulation aims to tighten the foreign-exchange net around crypto transactions, giving authorities a window to monitor and potentially intervene in significant outflows.
By introducing a mandatory delay, the central bank seeks to curb the use of stablecoins as a rapid bypass for traditional capital controls.
This development follows a period of heightened market stress in Brazil.
Earlier this month, the central bank was forced to cancel a scheduled Treasury bond auction and intervene directly in the currency market to stabilize investor sentiment.