ABcripto Calls Brazil's 24h Stablecoin Lock Proposal Unproportional
2026-07-06 14:34

Woofun AI reports that ABcripto has urged the Central Bank of Brazil to halt a proposal mandating a 24-hour delay for stablecoin transfers exceeding $10,000. The association, which includes members such as Binance, Coinbase, Crypto.com, and Tether, argues the measure disproportionately penalizes transparent, regulated participants while leaving unregulated actors unaffected. Julia Rosin, president of ABcripto, noted that illicit actors typically utilize platforms without identity verification, mixers, or bridges, rather than regulated channels. The group warned that the lock-up period could undermine near-instant settlement use cases and drive users toward unregulated providers. This opposition arises as Brazil’s congress debates specific stablecoin regulations, with the Central Bank planning to classify them as electronic money, citing a Chainalysis report that illicit crypto volumes hit record highs in 2025.

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Tags:
Julia Rosin
ABcripto
Chainalysis
币安
Coinbase
Crypto.com
Tether
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