Binance Introduces Mandatory Disclosures for Cross-Border Crypto Transfers in Brazil
Key Highlights Binance has implemented reporting rules and transaction caps for non-resident cross-border crypto transfers to comply with Brazil’s foreign exchange framework. Users must declare transaction purposes, verify counterparty identities, and adhere to a $100,000 per-transaction cap for unauthorized foreign exchange counterparties, extendable to $500,000 upon advance notice. Binance clarified the measures are not part ...