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11 August 2026: NEWS DIGEST
Brazil Will Hold Large Crypto Transfers for 24 Hours to Curb Fraud
Brazil’s central bank has published Resolution BCB No. 584, requiring crypto firms to delay certain transfers to self-custody wallets and foreign platforms for up to 24 hours starting January 1, 2027. The rule applies when a single transaction, or a customer’s combined transfers in one day, exceeds $10,000, and covers both cryptocurrencies and fiat-backed stablecoins. The measure is designed as an anti-fraud review process, highlighting how regulators are paying closer attention to fast-moving crypto and stablecoin flows.
Stablecoin Powered Crypto Card Spending Jumps to $759 Million in July
Crypto card spending reached $759 million in July, up from $306 million a year earlier, according to data from a16z. Nearly 9 million purchases were made using crypto payment cards during the month, with the average transaction around $86. USDC and USDT together accounted for roughly 84% of spending, reflecting a continued shift toward dollar-backed stablecoins across major networks such as Optimism, Solana and Base.
Samsung Officially Confirms 2026 Timeline for Stablecoin Accounts, Payments and Remittances
Samsung Electronics has confirmed it will begin phasing in stablecoin account opening, cross-border remittances and in-store payments within Samsung Wallet during 2026, starting with a limited group of countries. The plan builds on ideas first previewed at Galaxy Unpacked 2026 and adds capabilities beyond the wallet’s existing non-custodial support for Bitcoin, Ethereum and Tron. Samsung has not disclosed which countries, stablecoins or partners will be involved, noting that expansion will depend on regulatory review in each market.
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