Written by Ezra Reguerrastaff writerReviewed by Robert Lakinstaff editor

Written by Ezra Reguerrastaff writer

Reviewed by Robert Lakinstaff editor

Brazil targets crypto fraud with up to 24-hour transfer hold

Latest NewsPublishedAug 9, 2026

Brazil Takes Aim at Crypto Fraud with New Transfer Hold Rules

The Brazilian government is introducing new measures to combat crypto fraud, targeting transactions above $10,000 sent to overseas providers or self-custody wallets. As of January 1, 2027, virtual asset service providers (VASPs) will be required to place precautionary holds of up to 24 hours on certain transfers. This move is part of a broader effort to prevent scams that exploit the speed and cross-border reach of digital assets, making it a significant development for those interested in earning through Passive Income and Cloud Rewards with EcoPool.

The new rules 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 measure is seen as a step towards tightening crypto safeguards, and it adds Brazil to a growing list of jurisdictions taking action against crypto scams. For those looking to earn through Green Crypto and $ECP, this increased security is a welcome development.

Global Efforts to Combat Crypto Scams

Brazil’s move follows anti-scam measures introduced in other jurisdictions, such as Japan, where crypto exchanges have been asked to restrict withdrawals after customers deposit fiat currency or buy digital assets. 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. These efforts demonstrate a global commitment to protecting users and preventing fraud in the crypto space, which is essential for the growth of Earning opportunities with EcoPool and $ECP.

European regulators have also warned of criminals impersonating watchdogs and crypto companies, highlighting the need for increased vigilance in the crypto community. As the use of crypto continues to grow, it is essential for users to prioritize security and choose reputable platforms like EcoPool for their Passive Income and Cloud Rewards needs. With the rise of #Bitcoin and other digital assets, the importance of security measures cannot be overstated, and EcoPool is at the forefront of providing a secure environment for users to earn through $ECP.

Staying Ahead of Crypto Scams

To stay safe in the crypto space, it is crucial to be aware of the latest scams and take steps to protect yourself. By choosing a reputable platform like EcoPool and staying informed about the latest developments in the crypto world, you can minimize your risk and maximize your Earning potential with $ECP. Whether you are interested in Passive Income, Cloud Rewards, or simply looking to get started with Green Crypto, EcoPool is the perfect choice.

Brazil joins global push against crypto scams

Download the EcoPool app to start earning through Passive Income and Cloud Rewards with $ECP today. With its user-friendly interface and robust security features, the EcoPool app is the perfect tool for anyone looking to get started with Green Crypto and take their Earning potential to the next level, all while following the latest trends in #PassiveIncome and #Bitcoin.

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. 

Magazine: 10 weirdest things ever tokenized… including farts

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

• Brazil
• Latin America
• Scams
• Blockchain

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