ABcripto, Brazil’s Cryptoeconomy Association, has urged the Central Bank of Brazil to suspend a proposal that would impose a 24-hour delay on large stablecoin remittances. The industry group argues the measure would primarily burden compliant firms and users transacting through regulated platforms, while failing to deter illicit actors operating outside supervised channels.
Call to Halt 24-Hour Stablecoin Hold
The association asked the central bank to pause the plan to introduce a mandatory one-day waiting period for sizable stablecoin transfers. According to ABcripto, the delay would slow legitimate market activity and introduce unnecessary friction for entities subject to oversight and reporting, undermining the efficiency benefits that digital assets provide for payments and settlements.
Industry Concerns Over Unintended Consequences
ABcripto contends that bad actors could bypass the proposed restriction by using unregulated venues or self-custody arrangements, leaving the policy’s intended targets largely unaffected. The group warned the measure could hamper transparent market participants and potentially push activity toward less visible channels, complicating market supervision and consumer protection.
Regulatory Context in Brazil
Brazil’s central bank is the designated supervisor for virtual asset service providers under the country’s crypto framework and has been developing rules aimed at improving market integrity and financial stability. Stablecoins—tokens designed to maintain a stable value relative to a reference asset such as fiat currency—play a growing role in cross-border transfers, trading, and liquidity management, making any settlement delays particularly impactful for institutional and retail users.
What’s at Stake
The exchange highlights a broader policy debate over how to balance anti-abuse safeguards with the speed and efficiency that digital assets offer. ABcripto’s request reflects industry calls for targeted, risk-based approaches that address illicit activity without penalizing compliant users and regulated intermediaries.