Coinbase files for Brazil crypto license ahead of central bank deadline

The US exchange submitted its VASP application days before Brazil's October 30 cutoff and expects to keep serving local customers during the review Coinbase has filed to become a licensed crypto service provider in Brazil, with only days to spare. The US-based exchange sent its application to the Central Bank of Brazil on Wednesday, ahead of a Friday, October 30 deadline. What Coinbase filed and why the date matters The application falls under Brazil’s virtual asset service provider (VASP) framework, which the country formally calls SPSAV. Coinbase confirmed the filing in a statement shared with Cointelegraph. The rules come from three central bank resolutions: Resolutions 519, 520, and 521. All three took effect on February 2, 2026. That framework set up a simple deal for companies already operating in Brazil. Submit an application by October 30, 2026, and you can keep serving customers while the Central Bank of Brazil reviews your paperwork. Operators that do not file must stop operating within 30 days from October 30, 2026. Coinbase says it expects to keep its current services running while regulators evaluate the application. A late but deliberate move As of early-to-mid Octobe...