Binance to block some Brazil crypto transfers lacking required details from Nov. 1
In brief
- Binance will require Brazilian users to complete a questionnaire before international crypto withdrawals, U.Today reported.
- Incoming crypto from non-residents may stay pending, be frozen or, in some cases, be sent back.
- The rules apply only to international transfers, not to transactions between Brazilian residents.
- Binance said it will send the collected data to the Central Bank of Brazil monthly.
What changes on Nov. 1
Brazilian users sending crypto abroad will have to fill in a questionnaire first. Binance won't submit withdrawals until they do, according to U.Today's report. The form asks for the intent of the transfer and the name of the beneficiary (a person, a company, a financial institution, a crypto exchange or another entity).
Incoming funds work differently. When crypto arrives from a non-resident, Binance will ask the Brazilian recipient for details about the sender and the purpose of the transaction before crediting the funds. Until that data is in, the coins can land at Binance and sit pending without being credited to the user's balance. U.Today reported that the funds may be frozen and, in some cases, sent back.
It isn't a one-time form either.
Binance said users who make international transfers will most likely need to submit the data for each transaction, according to the report. The outlet said it's unlikely that one submission per account will be enough.
Who's affected (and who isn't)
What counts as international? U.Today defined it as any crypto transfer between a Brazilian resident and a non-resident. That includes moving coins from a Binance Brazil account to your own account on a non-Brazilian exchange, so the rule also covers transfers between two accounts owned by the same person.
Crypto moving between Brazilian residents isn't affected. The new rules only cover international transfers, so domestic activity on the exchange carries on as before.
The regulatory backdrop
U.Today linked the move to Brazil's Resolution BCB No. 521/2025, which brought certain virtual asset transactions under the country's foreign exchange control rules. The outlet described the Binance changes as part of Brazil's expanding crypto regulation, with some transfers to or from Brazilians blocked or frozen unless users share more data.
Binance said it'll send the collected data to the Central Bank of Brazil every month, according to the report. That means the answers users give on the questionnaire won't stay with the exchange.
Frequently asked questions
What will Binance ask Brazilian users before an international withdrawal?
According to U.Today, Binance will require users to fill in a questionnaire that states the intent of the transfer and names the beneficiary. The beneficiary can be a person, a company, a financial institution, a crypto exchange or another entity. Binance won't submit the withdrawal until the questionnaire is completed.
What happens to crypto sent to a Brazilian Binance user from abroad?
Binance will ask the recipient for details about the sender and the purpose of the transaction before crediting the funds. Until then, the crypto may arrive at Binance and remain pending without being credited to the balance. U.Today reported that the funds may be frozen and, in some cases, sent back.
Do the new Binance rules affect transfers between Brazilian residents?
No. According to U.Today, the rules apply only to international transfers, meaning transfers between Brazilian residents and non-residents. That includes moving crypto from a Binance Brazil account to a personal account on a non-Brazilian exchange.
Why is Binance introducing these rules in Brazil?
U.Today linked the change to Brazil's Resolution BCB No. 521/2025, which brought certain virtual asset transactions under the country's foreign exchange control rules. Binance said it will submit the collected data to the Central Bank of Brazil every month.
