Binance Seeks Brazil Crypto Services License as It Plans 22 Asset Delistings
Photo: TokenPost
Binance has applied for a crypto-asset service provider license in Brazil as it restricts some products and prepares to remove 22 assets for Brazilian users ahead of an Oct. 30 authorization deadline. The exchange filed its application with the Central Bank of Brazil on Oct. 23 through BBrasil, its local entity. Existing crypto service providers must apply by Oct. 30 to continue operating under a transitional arrangement. Filing does not mean the application has been approved. Binance began restricting crypto lending and margin trading for Brazilian users on Oct. 27.
Also reported by The Defiant, The Cryptonomist.
Source: TokenPost
