Bitcoin

Brazil Proposes Mandatory 24-Hour Hold on Large Crypto Stablecoin Transactions

The 24-hour hold period would allow virtual asset service providers to screen the transactions and verify the legitimacy of the funds moved. The funds could be released in a shorter timeframe, provided that the risks associated with the transaction are mitigated. Central Bank of Brazil Proposes Holding Stablecoin Remittances For Screening Purposes The Central Bank…

Logo of the Central Bank of BrazilThe 24-hour hold period would allow virtual asset service providers to screen the transactions and verify the legitimacy of the funds moved. The funds could be released in a shorter timeframe, provided that the risks associated with the transaction are mitigated. Central Bank of Brazil Proposes Holding Stablecoin Remittances For Screening Purposes The Central Bank […]

Source: https://news.bitcoin.com/brazil-proposes-mandatory-24-hour-hold-on-large-crypto-stablecoin-transactions/