Binance Adds Mandatory Disclosures for Brazil’s International Crypto Transfers

According to BlockchainReporter, Binance announced that it will introduce mandatory disclosures for international crypto deposits and withdrawals for Brazilian users starting November 1. Reported by BlockchainReporter, the update extends Central Bank of Brazil rules under Resolution BCB No. 521/2025 to cross-border virtual asset transfers, bringing them into the country's foreign exchange framework.

BlockchainReporter stated that from November 1, users engaging in international transfers must state the transfer purpose and confirm the beneficiary or sender details. This applies to transfers involving non-resident individuals or companies, as well as users transferring crypto to or from their own accounts abroad. The required information is reported monthly to the Central Bank of Brazil, while domestic transfers within Brazil remain unchanged.

For withdrawals to non-residents, users must select a transfer purpose and provide identification details, with transaction limits and requirements varying by amount. Deposits from non-residents will remain pending until the required information is supplied. BlockchainReporter highlighted that Binance clarified this update is separate from the Travel Rule, which Brazil plans to phase in during 2027 and 2028.