Brazil's crypto industry group ABcripto has asked the central bank to suspend a proposed 24-hour hold on large stablecoin remittances, calling it disproportionate. The association argues the delay would punish regulated firms while leaving illicit actors, who avoid identity checks, untouched.
ABcripto, the Brazilian Cryptoeconomy Association, has asked the central bank to suspend a proposed 24-hour delay on large stablecoin remittances, calling the measure disproportionate. The group filed a document opposing an earlier central bank proposal that recommended a 24-hour lock window for stablecoin transfers.
The association groups industry firms such as Binance, Coinbase, Crypto.com, and Tether. In a letter to the Department of Financial Regulation (Denor), it said regulators must pursue fraudulent and illicit activity but argued the hold must be preceded by more thorough research of Brazil's cryptocurrency market.
Why the central bank wants the hold
The central bank set the lock to apply to transactions exceeding $10,000. As justification, it cited a Chainalysis crypto crime report, noting that illicit transaction volumes had reached a record high in 2025.
But ABcripto's president, Julia Rosin, said the measure would fall short of impacting the desired targets. Instead, it would affect transparent institutions, because illicit actors steer away from regulated firms and tend to rely on platforms without identity checks, mixers, and bridges.
The cost to regulated users
The hold would also affect current stablecoin adoption, which relies on near-instant finality for many use cases. A delay could cause loss of funds in time-sensitive applications, the group warned.
ABcripto claims the rule would push interested parties away from regulated channels, hurting the security of parties that transact with unregulated providers. The pushback comes as Congress debates stablecoin rules, with the central bank set to classify these instruments as electronic money rather than digital assets.
Source: Bitcoin News
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