Binance has applied for a Brazilian cryptocurrency services licence through its local entity, BBrasil, ahead of the 30 October deadline.

Brazilian rules require existing crypto service providers to submit authorisation applications by 30 October 2026.

Binance’s application seeks to preserve Brazilian customers’ access to crypto assets, stablecoin trading, payments and investment services.

From 27 October, Binance restricted eight products, including crypto lending, margin trading, mining services and token launch programmes.

The exchange also removed 22 crypto assets from its Brazilian offering, including Verge (XVG), Ethena USDe (USDE) and Secret (SCRT).

Under the revised structure, Binance Brasil handles customers’ payment accounts…