Brazil

The Central Bank of Brazil has closed the application process for virtual asset service providers. Of the expected 150-200 companies, only about 40 submitted their documents. The others have been given a month for an orderly exit from the market, while the regulator has up to two years to review each application.

Cryptocurrency exchange Binance has submitted an application for a license in Brazil ahead of the October 30 deadline. The company is imposing restrictions on 22 crypto assets.

Binance announced the cessation of eight crypto services and the removal of 22 tokens for users in Brazil starting October 2026.

Starting November 1, Binance requires users in Brazil to specify transaction purposes and counterparties for international crypto transfers.

CSD BR and Ripple launch a partnership for blockchain technologies in Brazil's financial infrastructure valued at $22 trillion.

Retail investors in Brazil have reached nearly 1 million, investing in exchange-traded funds.

Less than 10% of Brazilian crypto companies intend to apply for licenses by October 30. Only 10 of them may receive approval.

Brazil's Central Bank has completed development of a specialized alert system designed to protect the financial sector from cryptocurrency threats.