Binance seeks central bank approval to continue crypto services in Brazil: Report
Photo: Crypto Briefing
The exchange submitted its application through local entity BBrasil while cutting 22 tokens and eight products for Brazilian users Binance has formally applied for a license to keep operating in Brazil. It filed a week before the central bank’s cutoff, which is tight but still on time. The exchange submitted its application on October 23 through a local entity called BBrasil. The deadline falls on Friday, October 30. Operators that file by then can keep running under a transitional arrangement while regulators review their paperwork. There’s a catch. The filing comes alongside a noticeably smaller menu for Brazilian customers.
Source: Crypto Briefing
