Binance files for Brazil crypto license ahead of Friday deadline
The exchange is delisting 22 crypto assets for Brazilian users and hopes talks with the central bank will allow it to restore some services.
The exchange is delisting 22 crypto assets for Brazilian users and hopes talks with the central bank will allow it to restore some services.
Binance has applied for a cryptocurrency service provider license in Brazil, seeking to maintain its operations in one of Latin America’s largest crypto markets ahead of a regulatory deadline on Friday, Oct. 30.
The exchange submitted its application to the Central Bank of Brazil on Friday, Oct. 23, through its local entity, BBrasil, according to a statement shared with Cointelegraph.
The company said the filing would allow Brazilian users to continue accessing crypto assets, stablecoin trading, payments and investment services.