Binance applies for Brazil crypto license and curtails local services
Binance has submitted an application to Brazil's central bank to operate as a licensed virtual asset broker ahead of an October 30 deadline, delisting 22 tokens and restricting eight services for local users.
Binance has formally applied for regulatory approval from Brazil's central bank ahead of an October 30 deadline. The application was submitted on October 23 through the exchange's local entity, BBrasil Sociedade Prestadora de Serviços de Ativos Virtuais Ltda, seeking an intermediary license to operate as a virtual asset service provider (SPSAV) authorized to buy, sell, trade, and underwrite virtual assets for Brazilian clients.[2][3][7]
To align with domestic regulations while awaiting review, Binance began curbing local offerings on October 27. The exchange restricted eight services for users in Brazil, including crypto loans, margin trading, Launchpool, mining pools, and cloud mining. Affected users are barred from opening new positions and are restricted to reducing or closing existing holdings, while core spot trading is expected to continue.[3][4][5]
Binance also delisted 22 crypto assets for Brazilian users, including USDE, USTC, DCR, and XVG, though withdrawals remain open. The platform intends to finish migrating Brazilian accounts to its local payment-account architecture by October 29. Thiago Sarandy, general manager of Binance in Brazil, noted that the license filing represents a decisive step toward compliance and indicated that the platform plans to restore some suspended products after ongoing discussions with the central bank.[1][3][6]
Key facts
- Binance filed an application with Brazil's central bank on October 23 through local entity BBrasil to operate as a virtual asset service provider ahead of an October 30 deadline.
- Binance delisted 22 cryptocurrencies for Brazilian clients, including USDE, USTC, DCR, and XVG, while keeping withdrawals available.
- The exchange restricted eight products in Brazil starting October 27, including crypto loans, margin trading, Launchpool, mining pools, and cloud mining.
- Existing user positions in the restricted services are limited to reductions or closures, with new positions prohibited.
- Binance aims to complete the migration of Brazilian users to a local payment-account structure by October 29.
- Binance Brazil general manager Thiago Sarandy stated that the company hopes to restore certain halted products following talks with the central bank.
Sources · 7 sources
- CT
Coin TelegraphArticle ·
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.
Open source - CB
Coin Bureau@coinbureauPost on X ·
⚡️NEW: Binance has applied for a virtual asset brokerage license in Brazil ahead of the October 30 regulatory deadline. Filed through its local entity, BBrasil, the application seeks authorization to offer crypto buying, selling and trading services on behalf of Brazilian clients, further expanding its regulated operations in the country.
Open source - WB
Wu Blockchain@WuBlockchainPost on X ·
Binance Files for Brazilian Crypto License Ahead of October 30 Deadline; Restricts 8 Services and Delists 22 Tokens in Brazil Binance filed an application with Brazil’s central bank on October 23 through its local entity BBrasil to operate as a virtual asset service provider (SPSAV), ahead of the October 30 regulatory deadline, according to Blocknews. To comply with local rules, Binance began restricting eight services for Brazilian users on October 27, including crypto loans, margin trading, mining pools and cloud mining, while delisting 22 tokens, including USDE, USTC, DCR and XVG. Existing positions in affected products are generally limited to reductions or closures, with new positions prohibited. Binance also plans to complete the migration of Brazilian users to its local payment-account structure by October 29.
Open source - CO
CoinGecko@coingeckoPost on X ·
JUST IN: Binance has applied for a crypto license from Brazil's central bank ahead of the October 30 deadline. The exchange has also delisted 22 tokens and restricted 8 services, including crypto loans, margin trading, and Launchpool, for users in Brazil. https://t.co/sNcTmZldLY
Open source - CP
Crypto Patel@CryptoPatelPost on X ·
BINANCE SEEKS BRAZIL CRYPTO LICENSE | OCTOBER 30 DEADLINE APPROACHES. Binance reportedly applied for authorization through its local entity, BBrasil, on October 23. What’s changing for Brazilian users? 🔸 22 tokens delisted 🔸 8 services restricted, including Margin, Loans & Launchpool 🔸 Core spot crypto trading expected to continue under the new framework The application is still awaiting regulatory review.
Open source - BS
BSCN@BSCNewsPost on X ·
Binance eyes Brazil after MiCA rejection @Binance has applied to Brazil's central bank to operate as a virtual asset service provider. This follows the firm's withdrawal of its MiCA application in Greece ahead of the 2026 European Union deadline. To comply with Brazilian requirements, Binance began restricting eight products offered to Brazilian clients on October 27. The exchange also removed 22 coins from the platform, but users can still withdraw their holdings. Binance’s Brazil general manager, Thiago Sarandy, says the firm plans to bring back some of the halted products following talks with the central bank.
Open source - CN
crypto.news@cryptodotnewsPost on X ·
JUST IN: Binance applies for crypto license in Brazil ahead of Oct. 30 deadline The exchange has filed with Brazil’s central bank to maintain local operations and it has restricted lending and margin trading and delisted 22 crypto assets as it seeks regulatory authorization. https://t.co/3fThqrKBnS
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