$10,000, about 51,000 reais, is the threshold from which crypto transfers in Brazil will now be reported to the Coaf, the country's financial intelligence council. The Central Bank announced on Wednesday (23) that transfers of that size or larger in self-custodied wallets, the ones users control themselves, must be communicated starting October 1. In practice, an investor who puts in a few hundred reais a month and keeps the coins at an exchange notices no change.
The BC says the change improves rules against money laundering and terrorism financing. Information about these wallets is currently lower than for assets held by institutions authorized by the central bank, which limits monitoring. Most measures take effect on October 1, and items related to data transmission only apply from January 1, 2027.
"The changes aim to strengthen the security and integrity of the virtual asset market, while providing greater predictability for sector participants and allowing the proper processing of the information necessary for supervision," the BC said in a statement.
What it means: a self-custodied wallet is one where the user holds the keys to the assets directly, with no exchange or bank in between. The Coaf, the Council for Financial Activities Control, centralizes reports on financial system operations to fight money laundering. To size the threshold: someone saving 500 reais a month would need eight and a half years to reach 51,000 reais.
What else changes
Foreign exchange operations involving physical foreign currency of $10,000 or more will also be automatically reported to the Coaf. The BC says the goal is a more uniform regulatory treatment for this segment. Authorized institutions also get an updated operational deadline to stop dealing with entities that neither hold BC authorization nor are seeking it.
The decision completes the regulation of virtual asset service providers created in November 2025. At the time, the BC began requiring formal authorization before companies could start operating, with minimum capital between 10.8 million and 37 million reais, depending on the services offered. That is roughly 210 to 725 times the new 51,000-real reporting threshold.
The companies fall into three types: intermediaries, which only connect trades; custodians, which hold the assets; and brokerages, which do both. Under the 2025 rules, they must clearly disclose risks, fees and security policies. They must also assess each client's risk profile before allowing more complex operations, according to InfoMoney.