- Binance said it is seeking to maintain its local business by applying to Brazil’s central bank for a virtual-asset service provider license.
- The application would allow users in Brazil to continue accessing crypto trading, stablecoin trading, payments, and investment services.
- To comply with regulations, Binance is restricting crypto lending and margin trading in Brazil and delisting 22 cryptocurrencies, while saying it hopes to resume the suspended services.
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Binance has applied to Brazil’s central bank for a virtual-asset service provider license as it seeks to preserve its local business.
Cointelegraph reported on October…
