Binance to require extra data for Brazil international crypto transfers
Binance will demand details on the purpose and counterparty of cross-border crypto transfers by Brazilian users from 1 November, and may block or freeze some transactions.
Why it matters: The change shows how Brazil's foreign exchange rules are reaching crypto exchanges, adding data checks that can delay or block cross-border transfers for Binance users.
Key points
- From 1 November, Brazilian users must complete a questionnaire before Binance processes international crypto withdrawals.
- Incoming transfers from non-residents may stay pending, be frozen or be returned if the sender's details and purpose are not supplied.
- Binance will report the collected data to the Central Bank of Brazil every month under Resolution BCB No. 521/2025.
Binance will require Brazilian users to give more data for international crypto transfers, according to U.Today. The exchange will ask for the purpose of a transfer and details of the counterparty when crypto is sent to or received from a non-resident, effective 1 November.
For withdrawals, Binance will not process a transfer unless the customer fills in a questionnaire naming the beneficiary, which can be a person, company, financial institution or exchange. For incoming transfers, crypto may arrive but stay pending rather than being credited, and the recipient must then provide the sender's details and the purpose. Binance said some incoming transfers could be frozen or even sent back.
New data rules
The rules cover only cross-border activity. Transfers between Brazilian residents are unaffected. International transfers include sending crypto to someone abroad, paying a foreign company, or moving funds between a Binance account in Brazil and a personal account on a non-Brazilian exchange.
The change follows Brazil's Resolution BCB No. 521/2025, which placed certain virtual asset transactions under the country's foreign exchange rules. Binance said it will send the data it collects to the Central Bank of Brazil each month. The exchange added that the requirement is likely to apply to each international transaction rather than once per account.
What to watch: The new requirements take effect on 1 November, when Binance begins asking Brazilian users for transfer data.
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