Binance seeks Brazil license
Binance applied to Brazil’s central bank for a virtual-asset service provider license through its local entity, BBrasil, on Oct. 23, as Brazil’s October 30 deadline for existing crypto service providers approached.
Binance said the filing would allow users in Brazil to continue accessing crypto trading, stablecoin trading, payments, and investment services, while it restricted crypto lending and margin trading and delisted 22 cryptocurrencies starting October 27.
Cointelegraph reported that Binance filed the application on October 23 through its local entity, BBrasil, and that Brazil requires existing crypto service providers to apply…
