Binance Adds Disclosure Rules for Brazil Cross-Border Crypto Transfers

Binance will require users in Brazil to disclose the purpose and counterparty type for crypto transfers involving nonresidents beginning Nov. 1, 2026, adding information requirements that also apply to transfers between a user’s Brazilian account and that user’s account at an overseas exchange.

Users must complete a questionnaire before they can submit a withdrawal. Deposits may remain pending until the required information is provided and, in some cases, may be returned if details are incomplete. Transfers between Brazilian residents are excluded.

Business accounts must also state whether the counterparty belongs to the same economic group. For self-hosted wallets, users need only confirm ownership.

Transfers below $50,000 use a list of 10 purposes. Larger amounts use 96 categories, though the exact threshold between the two lists is not specified. Some transfers are limited to $100,000 when the counterparty is not authorized to conduct foreign-exchange business in Brazil; the limit does not apply to all transfers in that circumstance.

Binance will submit the information monthly under Brazilian Central Bank Resolution No. 521/2025. The disclosure requirement is separate from the travel rule, which is planned to cover domestic transfers in 2027 and international transfers in 2028.