Binance files for Brazil crypto license ahead of October 30 deadline

Binance has formally applied for a license to keep operating in Brazil. It filed a week before the central bank’s cutoff, which is tight but still on time. The exchange submitted its application on October 23 through a local entity called BBrasil. The deadline falls on Friday, October 30. Operators that file by then can keep running under a transitional arrangement while regulators review their paperwork. There’s a catch. The filing comes alongside a noticeably smaller menu for Brazilian customers. Binance is delisting 22 crypto assets and restricting eight of its products in the country. What Binance filed, and what it cut The application went in under the full name BBrasil Sociedade Prestadora de Serviços de Ativos Virtuais Ltda. Binance is seeking authorization as a virtual asset service provider, a category known locally as PSAV or SPSAV. To support the bid, Binance submitted a technical certification through CertiK. The certification covers nearly 900 compliance items. The service cuts took effect on October 27. Eight products are now restricted for Brazilian users, including loans, margin trading and cloud mining. The 22 delisted tokens also lost trading eligibility for Brazi...