Brazil's crypto exchanges face a Friday deadline to apply for authorization under the framework introduced in November 2025 under the central bank BCB. Exchanges that apply on time can keep operating while their applications are reviewed, a process that can take up to two years, while companies that miss the deadline must stop providing services within 30 days. Lawyers say minimum capital requirements of 10.8 million reais ($2 million) to 37.2 million reais, plus audits and anti-money laundering controls, could make compliance unviable for smaller exchanges. Questions remain over how to identify self-custody wallets, the $100,000 limit on certain international transfers and reporting thresholds, and the BCB had not responded at publication.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Cointelegraph ↗
Keywords
cryptoregulationBrazilcentral bank
Open a keyword to see other news on the same topic.
Related tickers and likely impact
BTC/USDT
• NeutralBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/28/2026 | 81,343.50 |
| Change that session | +0.54% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Coinbase seeks Brazil crypto license, expects no service disruption
Coinbase has applied to the Central Bank of Brazil for authorization to operate as a crypto service provider under the country's VASP framework, ahead of the October 30 deadline. The company says it does not expect the review to require suspending its existing services, and it plans to expand into foreign exchange and payments, which need separate authorizations. Binance applied on October 23 but has restricted crypto lending, margin trading and other services and delisted 22 crypto assets to comply with the new rules. Under Brazil's transitional arrangements, existing providers that apply by the deadline can keep operating while their applications are reviewed.
- Brazil’s largest lender becomes first bank to formalize crypto brokerage under new rules
Itaú Unibanco, Brazil's largest private bank, notified the central bank of its crypto trading and custody operations under the new digital-asset rules, becoming the first bank to do so ahead of the Oct. 30 deadline. The bank offers 15 cryptoassets, including bitcoin, ether and USDC, and has run the service since December 2023, but has not disclosed user numbers or trading volumes. Under Resolution 520, which took effect Feb. 2, banks already authorized can notify the regulator, while dedicated crypto providers must apply for authorization, and institutions that miss the deadline must stop crypto services within 30 days. The central bank has moved to Nov. 6 the date from which banks are barred from doing crypto business with unauthorized providers.
- Binance files for Brazil crypto license ahead of Friday deadline
Binance submitted an application for a cryptocurrency service provider license to the Central Bank of Brazil on Oct. 23, through its local entity BBrasil, ahead of the Oct. 30 deadline for existing providers to keep operating under transitional arrangements. Effective Tuesday, Brazilian users face restrictions on crypto lending, margin trading and other services, and the exchange is delisting 22 crypto assets in the country. Binance hopes ongoing talks with the central bank will allow it to restore some discontinued products, though filing an application does not constitute regulatory approval.
- Irish central bank fines Coinbase Ireland $3.6 million over fund safeguarding failures
Ireland's central bank fined Coinbase Ireland 3.25 million euros ($3.6 million) for alleged failures to safeguard customer funds and oversee outsourced services, saying the unit relied excessively on its U.S. parent and lacked adequate systems and controls. The regulator cited a 2023 episode in which Coinbase directed 30 customers to deposit funds into an alternate account at another U.S. bank when Silvergate neared collapse, holding them alongside funds of another Coinbase entity's customers, and coding errors left a safeguarding account underfunded by an average of 0.54% in 2023 and the first half of 2024. Coinbase said no customer lost money or was unable to access funds. The penalty follows a 21.4 million-euro fine on Coinbase Europe in 2025 for anti-money laundering failures.
- Central banks keep buying gold while governments tighten the rules around retail access . Is the world preparing for a new era of monetary control ?
- Russia to ban direct peer-to-peer crypto trades starting July 2027
The Bank of Russia said in updated guidance that individuals will be banned from direct peer-to-peer crypto trades starting July 1, 2027, and until then such trades are permitted only through authorized intermediaries. Individuals also cannot transfer crypto assets from their digital accounts to self-custody wallets. The regulator has also authorized Sberbank, the country’s largest bank, to offer crypto exchange services after earlier approving it as a digital asset custodian. Under new rules effective September 1, exchange operators and custodians are under central bank oversight, and Russia still prohibits crypto payments for goods and services. Industry executives quoted in the article said restrictions on P2P trading and noncustodial wallets may be difficult to enforce.
Related markets
Latest news
- The Battle That May Matter Most for Netflix Stock Isn't Against Disney
Netflix had over 325 million paid memberships at the end of 2025, but concerns about subscriber engagement have grown. Although it called engagement “healthy” in its second-quarter 2026 report, it cut the What We Watched report from twice a year to once a year, and its Oct. 20 shareholder letter acknowledged a goal to accelerate view hours growth. The article argues YouTube, not Disney, is now the key competitor for attention: YouTube had over 1.7 billion unique viewers of World Cup-related videos and $11 billion in ad revenue in Q2 2026, versus Netflix's expected $2.7 billion in ad revenue for all of 2026. The bull case is that Netflix is adding live events such as football, boxing and concerts, though these rights require additional spending.
- Steve Eisman Says AI Giants Have 'No Moats.' Morningstar's $57 Billion Math Says Otherwise
Steve Eisman believes the weak link in the AI boom is that OpenAI and Anthropic are spending billions on computing power, while cheaper rival models could force them to cut prices, threatening their ability to keep spending.
- Stock Hits Limit-Down for an Eighth Straight Session: What's Going On?
Petro Times' PPT shares hit the daily floor price for an eighth straight session on Oct 29, falling to 6,600 dong, down about 56% since Oct 20 from 15,000 dong, as trading volume jumped to over 496,000 shares. The company attributed the drop mainly to supply and demand and acknowledged that business difficulties caused a sharp fall in after-tax profit. The sell-off followed a third-quarter report showing net revenue of 1,066 billion dong, down 9.4%, and an after-tax loss of over 22.1 billion dong versus a profit of nearly 2.4 billion dong a year earlier. The quarter included a loss of about 19.7 billion dong from transferring nine plots of land in Tràng Duệ, though nine-month after-tax profit still reached nearly 33.7 billion dong, about 4.4 times the year-earlier level. Market capitalization shrank from about 265 billion dong to nearly 130 billion dong.
- BC-Most Active Stocks
AP's list of the most active Nasdaq stocks for Thursday, October 29, 2026 shows Inlif Ltd. leading with 176,870,090 shares traded, followed by Robin Energy Ltd. with 67,774,298 shares. Alphabet appears twice in the ranking, with 45,458,505 and 31,129,255 shares traded, while GOOG fell 12.01% and the Nasdaq Composite dropped 1.32%. Other heavily traded names include Intel, Amazon, NVIDIA and Microsoft.
- Bank of England opens consultation on tokenized collateral for clearing
The Bank of England has opened a consultation on how central counterparties (CCPs) can accept digital versions of eligible collateral, saying existing rules already allow this when assets meet clearing standards. The draft supervisory statement clarifies what CCPs must address in applications under the current approval process, covering collateral already accepted and qualifying types under the proposed UK CCP Rulebook that are not yet in use. The statement would create no new regulatory obligations. The BoE stressed that tokenized collateral must remain capable of being valued, transferred and realized, including under stress, and that faster cross-border movement could help firms meet margin calls. Deputy Governor for financial stability Sarah Breeden said the consultation advances the Bank's secondary objective of innovation in financial market infrastructure while maintaining financial stability. The consultation closes on Feb. 12, 2027, and the Bank expects to publish its policy response and rules later this quarter.
- What C-suite leaders are taking away from Anthropic's S-1
Executive Editor Brian Sozzi of Yahoo Finance writes that many business leaders are digging into Anthropic's S-1 filing (ANTH.PVT) ahead of its IPO, and assessments vary widely. Robinhood's CFO said Anthropic's growth is up 1300% year over year and that customers spending more than 10 million a year fall into its top 250 customer group. The CFO oversees Robinhood Ventures, a concentrated portfolio anchored in AI and data infrastructure companies including OpenAI, Databricks, Murker and Cognition, so investor reception of Anthropic could affect those valuations and Robinhood's overall value. Robinhood's retail investors may also trade Anthropic shares and use the debut to move in and out of other AI names. Sozzi says he has never seen this level of interest in an S-1 during his career, well beyond the excitement around Facebook's IPO.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.