ABcripto Opposes Brazil Central Bank's 24-Hour Stablecoin Lock on Transfers Over $10,000

According to Odaily, Brazil's crypto industry association ABcripto has called for the Brazilian Central Bank to suspend a proposed 24-hour delay on stablecoin remittances exceeding $10,000. The association argues the measure is disproportionate, as it would impact transparent market participants using regulated entities while non-compliant actors typically bypass regulated platforms, instead using unidentified accounts, mixers, cross-chain bridges, and other opaque infrastructure.

ABcripto warned the lock mechanism could undermine stablecoin's near-instant settlement advantage and push users toward unregulated services. The Central Bank recently proposed reclassifying stablecoins as electronic money rather than digital assets. ABcripto members include Binance, Coinbase, Crypto.com, and Tether.