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Coinbase Has submitted an application for authorization as a virtual asset service provider to the Central Bank of Brazil and is expected to continue operating existing services during the review period.
Binance submitted an authorization application to Brazilian regulators before the October 30 deadline and will, under the new regulations, restrict 8 services for Brazilian users and delist 22 tokens.
Binance submitted a license application to the Central Bank of Brazil through a local entity to meet the compliance deadline before October 30; it is also restricting certain services and plans to delist 22 crypto assets. The application has not yet been approved.
A Telegram channel said that Resolutions No. 588 and No. 589 of the Central Bank of Brazil would require VASPs to report transfers of $10,000 or more to or from self-custody wallets and restrict cooperation with unauthorized entities, with the rules scheduled to take effect on October 1, 2026.
Argentine crypto exchange Lemon said Brazil’s licensing capital requirements were disproportionate to its local business scale, so it would discontinue Lemon Card and close Brazilian accounts.