Regulation· ★★★· neutral·

Brazilian crypto exchanges file for licenses ahead of central bank deadline

  • —Friday was the filing deadline; reviews could take up to two years
  • —Minimum capital ranges from 10.8 million to 37.2 million reais depending on services
  • —Exchanges that miss the deadline must stop serving clients within 30 days
  • —From November 6, banks will restrict transactions with unauthorized firms
Why it matters: Steep capital and compliance costs are set to consolidate Brazil's market around large exchanges and squeeze out smaller operators.
Source: CryptoHamster
More on this
Regulation · 00:00
Bybit, Binance and Mercado Bitcoin file for Brazil central bank authorization ahead of deadline
 Regulation · 19:00
Coinbase files for Brazil crypto license ahead of Oct. 30 deadline
 Regulation · Oct 21
Russia's central bank sets Sept 2026 deadline for licensed crypto intermediaries