Bybit, Binance and Mercado Bitcoin file for Brazil central bank authorization ahead of deadline
- —Bybit filed on October 20 and injected R$30 million into its Brazilian unit's capital
- —Binance filed on October 23 through BBrasil for an intermediary license
- —Mercado Bitcoin filed on October 27 for an exchange and custody license
- —Itaú notified the central bank of intermediation and custody, offering 15 crypto assets
Why it matters: The rules are reshaping Brazil's market: large platforms stay, smaller ones exit, and banks get a shorter path to authorization.
Source: BeInCrypto BR