Google Analytics counts our visits, with cookies. No thanks turns it off and removes its cookies; in Europe, the UK, Switzerland and India, or wherever we cannot tell where you are, it stays off unless you accept. Cookie Notice

Advertise
PRICES
BTCETHSOLXRPBNBTONDOTLTCPOLHBARNEARARBUNI

← Back to NewsDesk

AI summary of a third-party reportNeutralNewsDesk

Binance seeks Brazil crypto licence before 30 Oct deadline

The exchange has applied to the Central Bank of Brazil through its local entity, BBrasil, as it restricts some services and delists 22 crypto assets for Brazilian users.

Why it matters: Brazil is one of Latin America's largest crypto markets, and its 30 Oct deadline forces exchanges already serving Brazilian users to seek authorisation or stop operating.

InvestIn.News NewsDesk · 1 min read
Share
Picture from Cointelegraph for: Binance seeks Brazil crypto licence before 30 Oct deadline
Image: Cointelegraph
Original reporting: Helen Partz, Cointelegraph

Key points

  • Binance filed through its local entity BBrasil on 23 Oct, ahead of Brazil's 30 Oct deadline for crypto providers to apply
  • Thiago Sarandy, Binance's general manager in Brazil, says talks with the central bank may allow discontinued products to return

Binance has applied for a crypto licence in Brazil, submitting its request to the Central Bank of Brazil through its local entity, BBrasil, on 23 Oct, Cointelegraph reports. The filing comes ahead of a 30 Oct deadline for existing crypto service providers in the country to seek authorisation so they can keep operating under transitional arrangements. Applying does not amount to regulatory approval.

The exchange said the application would let Brazilian users keep accessing crypto assets, stablecoin trading, payments and investment services.

Thiago Sarandy, Binance's general manager in Brazil, said the company backs a regulated market that accounts for the traits of virtual assets.

What to watch: The Central Bank of Brazil's 30 Oct deadline for existing crypto service providers to submit authorisation applications.

Read the full story on Cointelegraph

Live updates on NewsFeeds:RegulationStablecoinsDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)

How this was produced: an AI model wrote this summary of Cointelegraph’s report, which we credit and link above. Read our Editorial and AI policy. Spotted a mistake? See Corrections.

Not investment advice. Read the risk disclaimer.

← Back to NewsDesk