ABcripto asks Brazil’s central bank to halt the proposal
ABcripto, the Brazilian crypto economy association, has called on the Central Bank of Brazil to suspend a proposal targeting large stablecoin remittances. Under the proposal previously put forward by the regulator, stablecoin transfers above $10,000 would be subject to a 24-hour holding period before completion. The association said the measure is disproportionate and would primarily affect transparent market participants that already transact through regulated entities.
According to ABcripto, the rule would fall most heavily on compliant users and businesses operating within supervised channels, while illicit actors would remain largely untouched because they already avoid regulated service providers. The group’s membership includes Binance, Coinbase, Crypto.com, and Tether, giving its position added weight within Brazil’s formal crypto market.
Dispute centers on enforcement value and unintended consequences
The Brazilian central bank cited a Chainalysis crypto crime report that said illicit transaction volume reached a record high in 2025. That report has been used to support tighter oversight of stablecoin activity. In response, ABcripto President Julia Rosin said illegal actors typically do not rely on regulated institutions. Instead, they tend to use platforms without identity checks, mixers, cross-chain bridges, and other less transparent structures.
From the association’s perspective, the proposed 24-hour delay would do little to directly disrupt criminal flows while undermining one of stablecoins’ key advantages: near-instant settlement. ABcripto also warned that the measure could push users toward unregulated providers, reducing traceability rather than improving it. In that sense, the proposal could create a regulatory spillover effect that weakens visibility into actual market activity.
Brazil’s stablecoin framework is still taking shape
The dispute comes as Brazil continues to build out its broader stablecoin rules. Congress is currently discussing dedicated regulation for the sector, while the central bank plans to classify stablecoins as electronic money rather than keeping them under the current digital asset category. The disagreement over delayed settlement for large transfers highlights the core policy tension facing Brazilian authorities: how to strengthen anti-money laundering controls without compromising market efficiency or driving activity into less transparent channels.