Important Binance Announcement Concerning Brazilian Users
• Starting November 1, Binance users in Brazil must specify the purpose of every international crypto transfer and identify the counterparty, with monthly reports to Brazil's Central Bank.
• Transfers up to $50,000 have a simplified purpose list, while those above require detailed classifications; transactions with unauthorized counterparties are capped at $100,000.
• Self-hosted wallet transactions do not require a purpose statement but must confirm ownership, and all international transfers will be reported to the Central Bank.
https://cryptopotato.com/important-binance-announcement-concerning-brazilian-users/
🌐 From @CryptoPotato
• Starting November 1, Binance users in Brazil must specify the purpose of every international crypto transfer and identify the counterparty, with monthly reports to Brazil's Central Bank.
• Transfers up to $50,000 have a simplified purpose list, while those above require detailed classifications; transactions with unauthorized counterparties are capped at $100,000.
• Self-hosted wallet transactions do not require a purpose statement but must confirm ownership, and all international transfers will be reported to the Central Bank.
https://cryptopotato.com/important-binance-announcement-concerning-brazilian-users/
🌐 From @CryptoPotato