[Binance to Adjust Crypto Asset Transfer and Withdrawal Processes for Brazilian Users, Effective November 1] Foresight News reports that Binance has announced adjustments to the deposit and withdrawal procedures for Brazilian users' crypto assets, effective November 1, 2026, in compliance with the Central Bank of Brazil's Resolution No. 521/2025. When sending or receiving crypto assets to or from accounts abroad, non-resident individuals, or companies, users will need to provide the purpose of the transfer and confirm the identity of the beneficiary or sender. These requirements also apply to foreign trading platforms and self-custody wallets. The collected information will be reported to the Central Bank of Brazil on a monthly basis. Transfers within Brazil will not be affected. If the counterparty of an international crypto asset transfer is not an institution authorized to operate in Brazil's foreign exchange market, the transaction limit will be $100,000 per transaction, with a potential increase to $500,000 in the future. Withdrawals cannot be processed without the required information, and deposits will remain in a pending state. Binance emphasized that this adjustment pertains solely to the Central Bank of Brazil's foreign exchange rules for virtual assets and does not constitute the implementation of the Travel Rule, which will be phased in during 2027 and 2028.