Svmuu News: The Brazilian Crypto Economy Association (ABcripto) has called on the Central Bank of Brazil to suspend a proposal to introduce a 24-hour delay for large-value stablecoin remittances.The association opposes the Central Bank of Brazil’s earlier proposal to impose a 24-hour lock-up period on stablecoin transfers exceeding $10,000, arguing that the measure would impact transparent market participants using regulated entities, while illegal actors would remain unaffected. ABcripto members include Binance, Coinbase, Crypto.com, and Tether.
Citing a Chainalysis report on crypto crime, the Central Bank of Brazil noted that the volume of illicit transactions reached a record high in 2025. ABcripto President Julia Rosin stated that illicit actors typically avoid regulated entities and tend to use platforms that do not require identity verification, as well as mixers, cross-chain bridges, and other less transparent structures.
ABcripto also noted that the freeze could undermine use cases requiring near-instant settlement via stablecoins and drive users toward unregulated service providers. Currently, the Brazilian Congress is debating specific regulations for stablecoins, and the Central Bank of Brazil plans to classify stablecoins as electronic money rather than under the current digital asset classification. (Bitcoin.com News).