Home›Crypto›Regulation›Binance adds Brazil questionnaires for some cross-bord…

Binance adds Brazil questionnaires for some cross-border crypto transfers

Starting Nov. 1, Binance will hold certain international deposits pending transfer details and blocks withdrawals until users complete the questionnaire.

Reported · Written up by our desk · Regulation

Binance will require additional information for some Brazilian users’ cross-border crypto transfers starting Nov. 1, according to CryptoSlate. The exchange said customers sending crypto abroad or receiving it from nonresidents must disclose the purpose of each transfer and identify the counterparty type.

Corporate accounts will also need to state whether the other party is part of the same economic group. Binance said it will report the transactions monthly to Brazil’s central bank under Resolution BCB No. 521/2025, which brings international virtual asset transfers into the country’s foreign exchange framework.

The policy creates a compliance checkpoint for cross-border activity: withdrawals cannot be submitted until the questionnaire is completed. Incoming deposits can remain pending and may be returned in some cases if users do not provide the required information.

The rules apply to individuals and companies transferring crypto to or from nonresidents, including customers moving assets to their own accounts on foreign exchanges. Transfers between Brazilian residents are unaffected, as Brazil increases oversight of its crypto market, the outlet said.

More like this

Sources