Regulation· ★★★· bearish·

Brazil's central bank rejects crypto license application for the first time

  • —Higherway Tech Soluções, known as Higher Global, was the applicant denied
  • —The central bank's decision is dated August 25, 2026, and published September 28
  • —Since February 2026, Brazilian crypto firms must hold a PSAV license
  • —Seven other firms await decisions, including Transfero and Onda Finance
Why it matters: The first rejection sets a precedent as Brazil's central bank moves from reviewing applications to enforcing penalties on crypto firms.
Source: BeInCrypto BR
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