[Brazil to Require Reporting of Self-Custody Wallet Transfers Over $10,000, Ban Unauthorized Crypto Service Providers] Odaily Planet Daily News: The Central Bank of Brazil has issued Resolutions No. 588 and No. 589, requiring Virtual Asset Service Providers (VASPs) to report self-custody wallet transactions involving amounts equal to or exceeding $10,000, while strengthening anti-money laundering and counter-terrorism financing regulations. Resolution No. 588 stipulates that relevant transaction data will be submitted to the Financial Activities Control Council (COAF). The agency may use this data to compile transactions and establish a database of self-custody addresses, recording the crypto asset holdings of Brazilian users through authorized centralized exchanges. Resolution No. 589 prohibits conducting business with virtual asset service institutions or entities operating in Brazil without authorization. The new regulations will take effect on October 1, 2026. Currently, only five VASPs have applied for licenses to operate in Brazil. (Bitcoin.com News)