Brazil: fewer than 10% of crypto firms to seek central bank license by Oct. 30

• —20-25 companies will apply for PSAV licenses, with about 10 expected to be approved
• —The application deadline is Oct. 30, with closure within 30 days for those that miss it
• —Capital requirements range from 10.8 million to 37.2 million reais
• —Bitnuvem, NovaDAX, Digitra and Coinext have already closed or wound down retail operations