Coinbase Files to Keep Operating Under Brazil’s New Crypto Rules
By Unchained
AI summary of the source article
Coinbase has applied to become a licensed virtual asset service provider with Brazil’s central bank. Filing ahead of the Oct. 30 deadline allows the exchange to continue offering its existing services while its authorization request is reviewed.
Key facts
- Coinbase applied for a virtual asset service provider license with the Banco Central do Brasil ahead of the Oct. 30 deadline.
- Crypto firms that filed on time can continue operating in Brazil until their authorization process concludes.
- Beginning Nov. 6, central bank-authorized institutions may not facilitate crypto operations with service providers not authorized in Brazil.
Source excerpt · Unchained
Starting Nov. 6, Brazilian banks and payment firms can't carry out crypto operations with providers that aren't authorized, and the amended rule no longer exempts firms still awaiting a decision. The post Coinbase Files to Keep Operating Under Brazil’s New Crypto Rules appeared first on Unchained .