According to Cryptoslate, Binance will require Brazilian users to disclose the purpose and identify the counterparty type for cross-border crypto asset transfers starting November 1. Corporate accounts must also specify whether the counterparty belongs to the same economic group. Withdrawals cannot be submitted until the questionnaire is completed. Deposits can remain pending, but incomplete information may result in returns under certain circumstances. These rules apply to transfers involving non-residents, including personal accounts on foreign exchanges. Transfers between Brazilian residents are not affected. Binance will report monthly in accordance with Central Bank Resolution No. 521/2025. Transfers under $50,000 will use a 10-item checklist, while larger amounts must select from 96 categories. If the counterparty is not authorized to operate foreign exchange business in Brazil, some transfers will have a limit of $100,000. Self-custody wallets only need to confirm ownership. This requirement is separate from the Travel Rule, which is planned to cover domestic transactions by 2027 and international transfers by 2028. https://(wublock123.com)/news/binance-brazil-cross-border-transfers-disclosure-counterparty-id-69525