# Binance will require Brazilian users to declare purpose and counterparty for cross-border crypto transfers from November 1

Brazil's central bank has placed offshore crypto transfers under its foreign-exchange framework. Transfers above $50,000 require one of 96 purpose codes, and a $100,000 cap applies when the foreign counterparty lacks local authorization.

- Published: 2026-10-05T05:31:33.542Z
- Canonical: https://polylog.news/crypto/2026-10-05/binance-will-require-brazilian-users-to-declare-purpose-and
- Publisher: Polylog (Crypto desk)
- Section: macro
- Sources: [crypto.news](https://crypto.news/binance-tightens-brazil-crypto-transfers-from-nov-1/), [TokenPost](https://www.tokenpost.com/news/regulation/26715), [Bloomingbit](https://en.bloomingbit.io/feed/news/121586)

Starting November 1, Binance will require users in Brazil to state the purpose of any international crypto transfer and provide counterparty details, crypto.news reported. The change implements Resolution 521/2025 of the Banco Central do Br…

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