Overview
- The Central Bank of Brazil completed testing of a Hypernative-built alert tool and has started issuing alerts as it prepares to integrate the system with banks and domestic exchanges.
- Industry groups expect technical integration to begin in about two weeks with early participants named as Foxbit and Mercado Bitcoin, while associations adapt systems to receive and relay warnings.
- The program was fast-tracked after the 2025 C&M Software breach that investigators estimate involved $140–$180 million in stolen funds partly converted into crypto.
- Separately, the central bank published rules that require virtual-asset firms to place a 24-hour preventive hold on qualifying transfers above $10,000 starting January 1, 2027, and to prove asset sufficiency daily from that date.
- Broader prudential moves will shift crypto firms into a stricter S4 category by mid-2028, a change that aims to raise capital, reporting and risk controls but may increase costs and processing times for customers.