Crypto exchange Binance will change its crypto deposit and withdrawal procedures for Brazilian users making international transfers to comply with Brazil’s updated foreign-exchange rules for virtual assets.
In an official announcement published October 2, 2026, Binance said users sending crypto to their own accounts abroad or to individuals and companies outside Brazil will have to provide additional information about the transaction starting November 1. The same requirements will also apply when receiving crypto from an overseas account or a non-resident.
The changes follow Resolution BCB No. 521/2025 from the Central Bank of Brazil, which amended Resolution BCB No. 277/2022 and brought international virtual-asset transfers into Brazil’s foreign-exchange framework.
New Information Required for Transfers
For withdrawals to a non-resident, Binance will ask users to state the purpose of the transfer and confirm who will receive the crypto. The counterparty can be an individual, company, financial institution, or other entity.
For transfers of up to $50,000, users will be able to select a purpose from a simplified list. Transactions above that amount will require users to use the broader list of purposes established by the Central Bank. Examples include transfers to a user’s own account, purchases of goods or services, donations, and travel.
For transfers to a user’s own account on a foreign exchange, Binance said the purpose will be pre-filled. Transfers to a user’s own self-hosted wallet will instead require confirmation that the user owns the wallet.
Deposits From Abroad May Remain Pending
The requirements will also apply when Brazilian users receive crypto from a foreign exchange or other non-resident counterparties, including self-hosted wallets.
Users receiving such transfers will need to access the pending transaction through Binance’s crypto deposit page and provide the required information, including the purpose of the transfer, and details identifying the sender.
For corporate accounts, Binance will also ask users to confirm whether the counterparty is a company belonging to the same economic group.
Deposits will remain pending until the required information is provided, while withdrawals cannot be submitted without completing the questionnaire. In some cases, Binance said crypto may have to be returned to the sender if the required information is not provided.
Transfers between Brazilian residents or Brazilian platforms will not be affected by the changes.
$100,000 Limit for Certain Transfers
International crypto transfers involving counterparties that are not institutions authorized to operate in Brazil’s foreign-exchange market will generally be subject to a $100,000 limit per transaction.
Binance said the limit may be increased to $500,000, with users receiving advance notice. Transfers above the applicable limit will not be processed through the standard procedure.
Transfers above the applicable limit will not be processed through Binance’s standard procedure. If users fail to provide the required information, Binance may not process the transaction. In some cases, the exchange may also be required to return crypto assets to the sender.
Users can correct information submitted after the transaction by contacting Binance Customer Support.
Brazil Updates Crypto Rules
The Binance changes follow Brazil’s broader regulatory framework for international virtual-asset transfers.
Resolution BCB No. 521/2025 amended Resolution BCB No. 277/2022 to include certain virtual-asset service activities and international virtual-asset payments and transfers within Brazil’s foreign-exchange framework. The rules also require information on the purpose of transfers, the identity of the client and the foreign payer or recipient, and the relationship between the parties.
The Binance procedures therefore add transaction-level information requirements for affected international transfers rather than imposing a blanket restriction on cryptocurrency use in Brazil.
Changes Separate from Travel Rule
Binance emphasized that the new procedures are not part of Brazil’s Travel Rule requirements.
The exchange said Travel Rule requirements for Brazilian crypto transfers will be introduced separately in phases during 2027 and 2028, covering domestic and international transactions, respectively. The measures taking effect in November instead concern the Central Bank’s foreign-exchange rules for international virtual-asset transfers.
The exchange also said users who do not make international crypto transfers will not need to take any action. The new requirements apply only to transactions involving counterparties outside Brazil.
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