Brazil’s central bank has ordered virtual asset service providers to hold certain crypto transfers for up to 24 hours from Jan. 1, 2027, adding a new anti-fraud layer to the country’s expanding digital asset rulebook. 

Banco Central do Brasil published Resolution BCB No. 584 on Aug. 7, covering transfers above $10,000 destined for foreign crypto providers or self-custody wallets.

JUST IN: Brazil’s central bank plans 24-hour delay on crypto transfers over $10,000

The anti-fraud rule targets moves to foreign exchanges and self-custody wallets pic.twitter.com/wxGMpKMMmO

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— crypto.news (@cryptodotnews) August 9, 2026

The threshold applies either to one transaction or a customer’s combined transactions during the same day. Smaller transfers can also face additional review when a provider’s risk policies identify reasons for closer scrutiny. The central bank said the measure responds to growing use of virtual assets, including stablecoins, to move proceeds from financial fraud quickly, sometimes beyond Brazil or into wallets controlled directly by users.

Brazil crypto transfers will face new checks

Under the central bank’s new anti fraud rules, a covered provider must retain the assets for 24 hours before proceeding with qualifying transfers. However, the measure is precautionary rather than a permanent freeze. A provider can complete its risk review and release the transfer before the full period ends when the conditions established by the regulator are met.

Providers must also tell customers when a transfer is being held. In addition, institutions must maintain records of fraud incidents, attempted fraud and the corrective measures taken. These requirements extend Brazil’s existing payment fraud controls to virtual asset services and give providers more time to review transactions that could otherwise settle rapidly.

The 24-hour hold joins a wider 2027 crypto rulebook

The transfer rule is one part of a broader regulatory expansion. In July, the BCB classified virtual asset service providers under its prudential framework and said they would begin following capital, risk management and disclosure requirements from Jan. 1, 2027. They must also enter the more demanding Segment 4 supervisory category by June 30, 2028, regardless of size.

In related coverage of Brazil’s capital rules, the framework builds on earlier licensing, customer asset segregation and compliance requirements. Separately, as previously reported, the central bank has restricted the use of virtual assets to settle payments inside regulated cross-border electronic foreign exchange channels.

The tighter oversight also follows fresh scrutiny of Brazil’s stablecoin market. The International Monetary Fund’s July Financial System Stability Assessment found that Brazilian crypto activity, particularly involving U.S. dollar pegged stablecoins, has grown rapidly since 2017. It said cross-border crypto flows have been rising faster than traditional capital flows and nominal GDP.

What happens before the January 2027 deadline

Crypto providers now have less than five months to adapt transaction monitoring, customer notification and record keeping systems before Resolution 584 takes effect. Firms will also need processes capable of calculating the $10,000 threshold across multiple transactions made by the same customer during a single day.

Meanwhile, the Jan. 1 deadline will bring several regulatory changes into force at once. Besides the new transfer controls, providers will begin operating under additional prudential requirements covering capital and risk management. The overlap means Brazil is moving beyond basic crypto licensing toward ongoing supervision of how regulated providers manage assets, transfers and financial risks.

For customers, the new rule does not create a general 24-hour delay on every crypto withdrawal. It targets qualifying transfers to overseas providers and self-custody wallets, along with other transactions selected for additional risk assessment. Providers may also release reviewed transactions early, making the eventual waiting time dependent on the circumstances of each transfer.

MARA Holdings secured $600 million of new borrowing on Aug. 4 after pledging 18,750 BTC worth about $1.2 billion as initial collateral, according to its Aug. 6 quarterly filing with the U.S. Securities and Exchange Commission. 

The financing came from Coinbase Credit and Two Prime Lending as MARA directs more capital toward energy assets, Bitcoin mining, artificial intelligence and high performance computing.

The loans were completed after the June quarter, when MARA reported holding 35,577 BTC with a fair value of about $2.1 billion. The pledged 18,750 BTC therefore equals roughly 53% of its reported quarter end Bitcoin holdings. MARA said it “expects to use the proceeds” for general corporate purposes, including financing part of the cash consideration for its planned Long Ridge Energy & Power acquisition.

MARA pledged 18,750 Bitcoin as collateral for $600M in new borrowing. 💸

That equals about 53% of its 35,577 $BTC holdings.

The loans were arranged through Coinbase Credit and Two Prime Lending. pic.twitter.com/iVti2eWxQV

— CryptosRus (@CryptosR_Us) August 9, 2026

MARA gets $600M while refinancing another $150M

Although the two facilities carry $750 million of combined principal, only $600 million represents new borrowing. Coinbase provided a $450 million facility consisting of $300 million in fresh funding and the refinancing of MARA’s existing $150 million Coinbase credit line. Two Prime separately provided a fully drawn $300 million term loan.

Coinbase’s debt carries a floating rate equal to the midpoint of the federal funds target range plus 3.875%. The Federal Reserve maintained its target range at 3.50% to 3.75% on July 29, which puts the current rate on the Coinbase facility at about 7.5%. The loan matures on Aug. 4, 2028 and automatically extends for another year unless either party cancels the extension.

Meanwhile, Two Prime’s $300 million facility carries a fixed annual interest rate of 7.65% and matures on Aug. 3, 2028. At the currently applicable rates, the two loans would generate about $56.7 million in annual interest expense if the full principal remained outstanding for a year. That figure is calculated from the disclosed rates rather than provided as MARA guidance.

Bitcoin collateral adds liquidity and margin risk

The financing shows MARA using its Bitcoin reserves as a source of liquidity alongside outright BTC sales. At June 30, the company already had 4,528 BTC pledged as collateral and another 4,742 BTC loaned to third parties. During the first six months of 2026, MARA also sold about 23,093 BTC for $1.6 billion to fund operations, pursue growth opportunities and manage liquidity.

MARA ended the second quarter with 35,577 BTC, down 29% from 49,951 BTC a year earlier. The company reported quarterly revenue of $174.9 million and a $611.3 million net loss, while declining Bitcoin prices contributed to a $342.7 million fair value loss on its holdings.

However, borrowing against Bitcoin also exposes the company to collateral requirements if BTC prices decline. MARA must maintain agreed collateral ratios under both lending arrangements. If the value of pledged assets falls below specified margin call limits, it must add collateral or take other permitted action to restore those ratios.

Failure to provide enough collateral would constitute an event of default and could allow Coinbase or Two Prime to liquidate pledged Bitcoin. The filing does not disclose the exact margin call thresholds, so public information does not show the Bitcoin price that would trigger additional collateral requirements.

Long Ridge connects the loans to MARA’s AI expansion

MARA has linked part of the new financing to its proposed acquisition of Long Ridge Energy & Power in Hannibal, Ohio. The company announced the transaction in April at an enterprise value of about $1.5 billion, including assumed debt. Long Ridge includes a power generation business and more than 1,600 acres that MARA plans to combine with its existing infrastructure at the site.

MARA says the property could support several workloads, including Bitcoin mining, power generation, AI infrastructure and high performance computing. Those plans remain forward looking. The company has not announced completed AI tenant contracts for the campus, although it said it had received interest from prospective customers.

The Ohio deal is part of a wider infrastructure expansion. MARA agreed in July to acquire a powered site covering more than 1,200 acres in Matagorda County, Texas. The purchase price can reach $600 million through milestone based payments, while MARA says the site could eventually support up to 2 GW of capacity.

MARA has also been reshaping its balance sheet to finance that strategy. In related coverage, the company sold 20,880 BTC during the first quarter and used part of the proceeds to repurchase convertible debt. By June 30, MARA said total debt had fallen to about $2.4 billion from $3.6 billion at the end of 2025.

What happens next for MARA

The next major milestone is completion of the Long Ridge transaction. MARA’s SEC filing says the acquisition carries an enterprise value of approximately $1.5 billion, including up to roughly $900 million of assumed debt. The company has also obtained a Barclays commitment for a 364 day senior secured bridge facility of up to $785 million as backstop financing for part of that debt if needed.

Closing is not guaranteed. MARA disclosed that it could owe a $75 million termination fee if the acquisition is not completed by Nov. 30, 2026. That deadline can extend to June 30, 2027 if certain regulatory conditions remain unresolved.

For now, the Coinbase and Two Prime loans give MARA $600 million of additional liquidity without requiring another immediate large Bitcoin sale or equity issuance. In return, a large portion of its Bitcoin treasury is now tied to lender collateral requirements. The balance between those financing benefits and the risk of lower BTC prices will remain a key factor as MARA moves toward the Long Ridge closing and continues building its U.S. energy and AI infrastructure portfolio.

The rules, effective Jan. 1, 2027, cover transactions above $10,000 sent to overseas providers or self-custody wallets, along with other transfers flagged for review.

Brazil’s central bank will require virtual asset service providers (VASPs) to place precautionary holds of up to 24 hours on certain transfers to foreign platforms or self-custody wallets as part of new measures aimed at preventing fraud. 

On Friday, the Banco Central do Brasil (BCB) said the requirement will apply to funds received above $10,000, either in a single transaction or based on a customer’s total transactions in a day. Providers must also hold other transfers requiring further scrutiny under their risk-management policies. 

The rules take effect on Jan. 1, 2027. Providers must notify customers of holds and keep records of fraud incidents, attempted fraud and corrective actions. A VASP may complete its assessment and release a transfer before the 24 hours expire, provided that it follows parameters set out by the central bank. 

The measure adds Brazil to a growing list of jurisdictions tightening crypto safeguards as regulators confront scams that exploit the speed and cross-border reach of digital assets. 

Brazil joins global push against crypto scams

Brazil’s move follows anti-scam measures introduced in other jurisdictions. In Japan, the Financial Services Agency and National Police Agency asked crypto exchanges to restrict withdrawals after customers deposit fiat currency or buy digital assets. 

The authorities also called for platforms to require customers to preregister withdrawal addresses and impose a waiting period before newly added addresses can be used. 

Other proposed safeguards include customer-specific withdrawal limits, stronger monitoring, phishing-resistant multifactor authentication and checks that the name of a bank remitter matches the crypto account holder. 

Unlike Brazil’s regulation, the Japanese measures are not binding. In addition, exchanges can determine implementation based on their operations and exposure to misuse. 

Related: Brazil bars crypto settlement in regulated cross-border payment rails

European regulators have warned of criminals impersonating watchdogs and crypto companies as users search for licensed service providers after the EU’s Markets in Crypto-Assets licensing deadline. 

France’s financial regulator reported cases involving fake websites, while the European Securities and Markets Authority said scammers had misused its identity and logo in falsified documents. 

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Grayscale Head of Research Zach Pandl said on Aug. 8 that the CLARITY Act now appears unlikely to become law this year, pointing to a crowded Senate calendar and election year politics. 

Yet the bill has not been shelved. Senate Majority Leader John Thune has filed cloture on H.R. 3633, creating a concrete procedural test when lawmakers return in September.

The development leaves U.S. crypto policy on two tracks. Congress still has an opportunity to establish a permanent market structure framework, while the Securities and Exchange Commission is moving ahead with its own crypto agenda covering issuance, custody, trading and onchain securities. Grayscale argues that crypto markets can continue operating without CLARITY, but warns that the absence of legislation could make the U.S. less attractive for some new investment and development.

Grayscale: CLARITY Act Unlikely to Pass This Year, but Crypto Can Still Move Forward

Grayscale Head of Research Zach Pandl said the chances of the CLARITY Act passing this year now appear low due to the Senate calendar and election-year politics. He argued that failure to pass… pic.twitter.com/PGcIcYemjt

— Wu Blockchain (@WuBlockchain) August 9, 2026

CLARITY Act now has a Sept. 15 Senate test

The U.S. Senate Daily Press record shows that Thune filed cloture on the motion to proceed to the Digital Asset Market Clarity Act before the Senate adjourned. The chamber is scheduled to return for regular business on Sept. 14.

More importantly, the Senate schedule says the cloture motion for H.R. 3633 will ripen at 2:15 p.m. on Sept. 15. The step concerns whether senators will proceed to consideration of the legislation. It is not a final passage vote, and the bill would still face debate, amendments and another vote if the Senate agrees to move forward. As crypto.news reported, the legislation needs enough bipartisan support to clear the Senate’s 60 vote cloture threshold.

The bill already has a bipartisan record. The House approved the earlier version 294 to 134 in July 2025, with 78 Democrats supporting it. The Senate Banking Committee then advanced its portion 15 to 9 in May 2026. Democratic senators joined Republicans during that committee vote.

Grayscale sees a narrowing path through Congress

Pandl’s assessment is less optimistic about the remaining legislative window. In Grayscale’s Aug. 8 research note, he wrote that the “chances of passage this year now appear low.” He attributed that view to the Senate calendar and election year politics rather than to an immediate threat to blockchain networks themselves.

Grayscale said failure to enact the bill would not immediately change how Bitcoin functions, halt major blockchain networks or stop the expansion of stablecoin payments. The firm’s concern instead centers on capital formation, tokenized securities, intermediary oversight and developer protections that would receive a more durable statutory basis under comprehensive legislation. Those conclusions are Grayscale’s policy assessment, not a guarantee of how investment would respond.

The firm also warned that “a greater share of new investment may occur overseas” without a federal market structure framework. Pandl argued that jurisdictions offering clearer token issuance rules and stronger developer protections could attract activity that might otherwise take place in the U.S. The forecast remains uncertain and depends on future policy decisions as well as industry behavior.

SEC rulemaking could fill part of the regulatory gap

Congress is not the only source of U.S. crypto policy. In March, the SEC issued a formal interpretation addressing several categories of crypto assets and explaining how federal securities laws apply to activities including staking, mining, airdrops and asset wrapping. It also addressed when a nonsecurity crypto asset may become tied to an investment contract.

The agency’s 2026 regulatory agenda goes further. It lists possible rules for crypto asset offerings and safe harbors, changes to accommodate crypto trading on alternative trading systems and national exchanges, and updates to custody requirements. The SEC also says its framework needs to account for onchain securities. In related coverage, regulatory action was already emerging as an alternative path if Congress failed to complete CLARITY.

Agency action, however, is not identical to legislation. SEC rules operate within authority Congress has already given the regulator and can be altered by later commissions, challenged in court or revised through future rulemaking. A statute can instead establish responsibilities across agencies and impose requirements Congress chooses to write directly into law.

What happens next for the CLARITY Act

Attention now turns to Sept. 15. The procedural filing prevents the August recess from becoming the immediate end of the bill’s 2026 effort, but it does not show that lawmakers have resolved the disputes that delayed action before the break. Senators have continued debating ethics provisions, stablecoin rewards, enforcement authority, consumer protections and illicit finance rules.

Those divisions remain visible within the Senate Banking Committee. Chairman Tim Scott and other Republican sponsors argue that the framework would provide clearer rules while keeping digital asset development in the U.S. Meanwhile, committee minority staff released a fresh analysis on Aug. 5 arguing that the current text contains weaknesses involving investor protection, national security and ethics. Those are competing legislative positions rather than settled findings about the final bill.

Sen. Cynthia Lummis released updated text on July 22 combining work from the Banking and Agriculture committees. Even if senators clear the September procedural hurdle and eventually approve a revised bill, differences with the House passed version would still have to be resolved before legislation could reach the president.a

As of then, Grayscale’s broader argument remains testable rather than settled. Congress has given CLARITY another route forward in September, while the SEC has demonstrated that regulatory changes can continue independently. The Sept. 15 vote will provide the next measurable indication of whether those two paths continue in parallel or whether Congress can still produce a comprehensive U.S. crypto market structure law in 2026.