Brazil mandates Coaf reporting for crypto transfers over $10k

Brazil's Central Bank issued resolutions requiring virtual asset service providers to report transfers of US$10,000 or more to/from self-custody wallets to Coaf, effective October 1, 2026. This tightens anti-money laundering rules for crypto, signaling increased regulatory scrutiny. The measure aligns Brazil with global FATF standards and may raise compliance costs for crypto firms.