ABcripto urges suspension of Brazil’s 24-hour stablecoin lock

ABcripto asked Brazil’s central bank to suspend a proposal that would impose a 24‑hour hold on stablecoin remittances above $10,000, arguing the requirement is disproportionate and will drive users to unregulated providers.

The Brazilian Cryptoeconomy Association, which represents companies including Binance, Coinbase, Crypto.com and Tether, sent a formal letter to the central bank’s Department of Financial Regulation (Denor) requesting a pause. The association requested more study of stablecoin use in Brazil before any rule requiring a one‑day finality delay is implemented.

The central bank cited a Chainalysis report that flagged a record high in crypto‑related illicit activity in 2025 when proposing the 24‑hour hold. The bank described the delay as a tool to give regulators and financial institutions time to identify and block suspicious transfers. The proposed rule has drawn pushback from industry participants who argue it would disrupt business and consumer use.

ABcripto argued the delay would affect regulated and transparent market participants while illicit actors would be largely unaffected. The letter noted criminals typically use platforms without identity verification, mixers, cross‑chain bridges and other opaque tools that would not be constrained by a delay applied through regulated entities.

The association raised operational concerns about near‑instant uses of stablecoins. It said a forced 24‑hour finality delay could cause losses in time‑sensitive transactions and undermine business models that depend on immediate settlement. ABcripto also warned the requirement could reduce on‑chain transparency and weaken the security of counterparties that move to unregulated services.

In the letter, ABcripto’s president, Julia Rosin, wrote that the proposal would fall short of targeting illicit flows and would instead penalize compliant firms and users.

The dispute comes as lawmakers in Congress debate stablecoin‑specific regulation and as the central bank plans to reclassify stablecoins as electronic money rather than as digital assets. ABcripto asked regulators to carry out more detailed research into local market behavior and the likely effects of a 24‑hour hold. The central bank’s response was not included with ABcripto’s public letter.