Binance to Block Incomplete Brazil Crypto Withdrawals and Hold Overseas Deposits

Summary

• Binance will block international withdrawals and hold overseas deposits when Brazilian users fail to provide the required transaction disclosure details.
• Transfers involving foreign exchange accounts require disclosures even when users own both accounts, while transfers between Brazilian residents remain unaffected.
• Corporate users must disclose shared economic group relationships, while personal wallet transfers require ownership confirmation under Binance’s separate handling procedures.

Binance will block international crypto withdrawals and hold overseas deposits for Brazilian users who fail to provide required transaction details. According to Binance, incoming overseas transfers will remain pending until recipients provide information about the sender and transaction purpose.

Some deposits may also return to their originators, making missing information a barrier to accessing crypto received from abroad. Brazilian individuals and companies must disclose why they transfer assets internationally and identify the person or entity involved.

Binance links the changes to Resolution BCB No. 521/2025, which brings certain virtual asset transactions under Brazil’s foreign exchange framework. Additionally, the exchange will report these international operations monthly to the Central Bank of Brazil under local regulatory requirements.

Customers sending crypto abroad must complete the required questions before Binance submits their withdrawal, rather than supplying details afterward. Recipients face a different process because overseas crypto can reach Binance without immediately becoming available in their account balances.

Binance will hold those incoming assets pending the requested disclosures and may return funds to the sender in some cases. The questionnaire requirement applies to each international deposit and withdrawal, rather than serving as a single declaration covering future activity. Consequently, customers making repeated overseas transfers must provide transaction information each time they send or receive qualifying crypto assets.

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Overseas Exchange Accounts Face Checks While Domestic Transfers Remain Unaffected

Transfers between Brazilian residents fall outside these changes, including domestic crypto transactions involving accounts at exchanges within the country. International activity includes sending assets to non-resident individuals, paying foreign companies, and receiving crypto from counterparties established outside Brazil.

Moving assets between a Brazilian Binance account and the customer’s own account at a foreign exchange also triggers disclosure requirements. Account ownership therefore does not exempt customers who move their own crypto between Brazilian accounts and overseas exchange accounts.

Binance identifies residency through where an individual resides or where a company maintains its domicile or registered office. Withdrawal beneficiaries can include individuals, businesses, financial institutions, crypto exchanges, or other entities receiving assets from Brazilian account holders.

Similarly, Brazilian recipients must provide the requested sender information and transaction purpose when receiving crypto from a non-resident counterparty.

Corporate Disclosures and Personal Wallet Transfers Follow Different Requirements

Binance’s questionnaire includes transfer categories covering personal account movements, purchases, services, donations, and travel, using Central Bank classifications. Corporate customers must additionally indicate whether the company involved in their transfer belongs to the same economic group.

Customers transferring assets to their own foreign exchange account can select that option and confirm information Binance fills automatically. Meanwhile, transfers involving a customer’s own self-hosted wallet are treated separately and require confirmation that the customer owns that wallet.

Binance distinguishes these foreign exchange disclosures from the separate Travel Rule, which has its own phased implementation schedule. From November 1, completing transaction disclosures will determine whether Binance submits qualifying withdrawals or credits overseas deposits to Brazilian accounts.

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