Key Highlights: Brazil’s Central Bank can take up to two years to evaluate new crypto licensing applications, creating a lengthy barrier to entry for prospective operators. Stringent requirements—including daily custody updates, monthly proof of reserves, and three years of audited balance sheets—have deterred smaller virtual asset service providers (VASPs). Major entities such as Binance and ...
Key Highlights: MEXC has established a phased offboarding timeline for French accounts across four deadlines leading to complete position closures on January 22, 2027, and full withdrawal termination on March 5, 2027. Remaining unclaimed assets belonging to French users will be transferred to a regulated custodian, with optional referrals available for users wishing to self-migrate ...
Key Highlights: ItaĂş Unibanco has become the first bank in Brazil to formalize its cryptocurrency trading and custody operations under the nation’s new digital-asset regulatory framework. The financial institution submitted its official notification and independent technical certification to the Central Bank of Brazil ahead of the October 30 deadline mandated by Resolution 520. Under the ...
Key Highlights: Binance is delisting 22 tokens in Brazil and winding down leverage, lending, and yield products to adhere to domestic regulations. Brazilian users are being transitioned to two locally regulated entities, with spot crypto custody managed offshore by Abu Dhabi-based Nest Clearing and Custody Ltd. The migration brings Brazilian crypto trading under the domestic ...
Key Highlights: Binance will halt eight services—including margin trading, loans, and Launchpool—and delist 22 tokens for Brazilian residents starting October 27. Eligible Brazilian users are transitioning to local regulated entities, utilizing Binance Brasil Corretora de Câmbio e Valores Mobiliários SA for fiat transactions by October 29. New regulatory requirements enforced by the Central Bank of ...
Key Highlights Binance has implemented reporting rules and transaction caps for non-resident cross-border crypto transfers to comply with Brazil’s foreign exchange framework. Users must declare transaction purposes, verify counterparty identities, and adhere to a $100,000 per-transaction cap for unauthorized foreign exchange counterparties, extendable to $500,000 upon advance notice. Binance clarified the measures are not part ...
Key Highlights Brazil’s Central Bank expands mandatory reporting for crypto transfers above $10,000 across self-custody wallets, effective October 1, 2025. A 24-hour mandatory delay for all crypto transfers will take effect January 2027, designed as an anti-fraud and anti-money laundering buffer. The regulations align with global Financial Action Task Force (FATF) Travel Rule standards, joining ...