Brazil central bank capital rules could force 90% of crypto firms out

• —Of Brazil's 200–300 VASPs, only 20–25 companies will be able to apply
• —About 10 firms will receive licenses, while up to 290 may leave the market
• —Required capital is up to 37.2 million reais (about $7.2 million)
• —From October 30, companies will begin applying or get 30 days to liquidate