Binance File for Brazil Crypto License Ahead of October 30 Regulatory Deadline, Limits 8 Services and Delists 22 kens Binance filed an application with the Central Bank of Brazil on October 23 through its local entity BBrasil to operate as a Virtual Service Provider (SPSAV), ahead of the October 30 deadline, according to Blonews. To comply with local rules, Binance began restricting eight services for Brazilian users on October 27, including crypto lending, margin trading, mining pools, and cloud mining, specifying 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 report structure by October 29.

Binance File for Brazil Crypto License Ahead of October 30 Regulatory Deadline, Limits 8 Services and Delists 22 kens Binance filed an application with the Central Bank of Brazil on October 23 through its local entity BBrasil to operate as a Virtual Service Provider (SPSAV), ahead of the October 30 deadline, according to Blonews. To comply with local rules, Binance began restricting eight services for Brazilian users on October 27, including crypto lending, margin trading, mining pools, and cloud mining, specifying 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 report structure by October 29.