From 1 November 2026, Binance users in Brazil making crypto transfers to or from a non-resident will have to state the transfer’s purpose and identify the counterparty. For incoming transfers, Binance says the deposit can remain pending until users complete the questionnaire and may sometimes be returned. The process is about classifying the transfer and its counterparty—not a general request to document where a user’s money came from.
Who is affected—and when?
Binance says the change begins on 1 November 2026 and applies to individual and corporate users in Brazil sending crypto outside Brazil or receiving it from abroad. It also covers transfers between a user’s Binance account and that same user’s account at a foreign exchange. Binance defines residence by where an individual resides or where a legal entity is domiciled or registered.
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Binance says domestic transfers between Brazilian residents, including transfers to a Brazilian exchange, are not affected. The exchange describes the change as part of Brazil’s foreign-exchange framework for international virtual-asset transfers under Resolution BCB No. 521/2025, which it says amends Resolution BCB No. 277/2022. Binance says it will report the operations to Brazil’s Central Bank monthly. These are Binance’s descriptions of the rules and its implementation, not an independent legal interpretation. Read Binance’s FAQ on International Crypto Transfers in Brazil.
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What information will Binance ask for?
The questionnaire may request up to three pieces of information:
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- Transfer purpose: select the Central Bank classification that reflects the actual reason for the transfer. Binance’s examples include moving assets to your own account, buying or selling goods, paying for IT or business services, making a donation, or funding international travel.
- Counterparty type: identify whether the other party is, for example, an individual, company, financial institution, or NGO.
- Economic-group relationship: corporate users must say whether the counterparty company belongs to the same economic group.
Binance’s description does not establish a general requirement to upload documents proving the source of funds. The request is for the transaction’s purpose and counterparty details.
What happens to deposits and withdrawals?
Incoming international deposits
Open the pending-credit transaction on Binance’s crypto deposit page and complete the questionnaire, including the sender information. Binance says it credits the deposit after users provide the requested information. Until then, it may remain pending; Binance warns that some deposits may be returned to the originator.
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International withdrawals
Complete the questionnaire before submitting an international withdrawal; Binance says a withdrawal cannot be submitted without it. The exchange says the questionnaire applies to every international deposit and withdrawal.
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Transfers involving your own wallets or exchange accounts
For a transfer to or from your own self-hosted wallet, Binance says users must confirm ownership, but do not need to provide a transfer purpose. For a transfer to your own account at a foreign exchange, Binance says the purpose is pre-filled and counterparty information is completed automatically, subject to the user’s confirmation.
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Which purpose codes apply to the transfer amount?
Binance says the purpose-code list depends on the value of each transaction. The threshold is per transfer, not an aggregate across multiple transfers.
| Transfer value | Purpose options Binance describes |
|---|---|
| Up to US$50,000 equivalent | Choose from 10 purpose codes, according to Binance’s 2026 FAQ. |
| Above US$50,000 equivalent | Choose from the complete list of 96 purpose codes, according to Binance’s 2026 FAQ. Binance says this list has no generic “others” option. |
Binance also describes a US$100,000 per-transaction limit for international crypto transfers involving counterparties that are not institutions authorized to operate in Brazil’s foreign-exchange market. It mentions a possible future replacement of that limit with US$500,000, but says the change is not yet in effect. Do not treat US$500,000 as the current limit.
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Is this Binance’s Travel Rule rollout?
No. Binance says this announcement concerns Central Bank foreign-exchange requirements and is separate from the Travel Rule. The exchange’s stated plan is to introduce the Travel Rule in phases for domestic and international transfers in 2027 and 2028; those are Binance’s current plans, not dates established here by an independent regulator source.
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