Coinbase blasts BC’s 24‑hour crypto hold rule, warns it could choke innovation!

Coinbase blasted the Central Bank of Brazil’s new rule that lets financial institutions hold crypto transfers for up to 24 hours, warning it could choke innovation in the sector.

The regulation, part of the BC’s broader effort to curb illicit flows, may add friction for users and startups, raise compliance costs, and push activity to offshore exchanges, ultimately weakening Brazil’s fintech and digital‑asset ecosystem, according to the exchange.