Binance Files for Brazil Crypto License Ahead of October 30 Regulatory Deadline, Restricts 8 Services and Delists 22 Tokens Binance filed an application with Brazil’s central bank on October 23 through its local entity BBrasil to operate as a virtual asset service provider…
PSAV), ahead of the October 30 regulatory deadline, according to Blocknews. To comply with local rules, Binance began restricting eight services for Brazilian users on October 27, including crypto loans, margin trading, mining pools and cloud mining, while delisting 22 tokens, including USDE, USTC, DCR and XVG
Existing positions in affected products are generally limited to reductions or closures, with new positions prohibited. Binance also plans to complete the migration of Brazilian users to its local payment-account structure by October 29. — link