Binance has announced new checks for cross-border crypto transfers involving Brazilian users from Nov. 1, requiring transaction purposes and counterparty information before some deposits and withdrawals can be processed.
Binance said the changes follow Resolution BCB No. 521/2025, which brought international virtual-asset transfers into Brazil’s foreign exchange framework and created new reporting obligations for crypto service providers.
The requirements cover individuals and companies using Binance in Brazil when crypto moves between a Brazilian resident and a non-resident. Sending assets to a user’s own account on an overseas exchange counts as an international transfer under the rule. Transfers between two Brazilian residents are not affected.
