KuCoin is a trusted crypto exchange to buy, sell, and trade Bitcoin, Ethereum, and 1000+ altcoins—powering secure access to the Web3 economy.

Crypto Exchange | Bitcoin Exchange | Bitcoin Trading | KuCoin

<p>Brazil’s crypto license deadline closed with far fewer applicants than expected

Only about 40 crypto firms applied for a central bank license before Friday’s deadline, well short of the 150 to 200 the industry had expected, according to local trackers. Firms that missed it have until Nov 29 to shut down their crypto services.

From Friday, Nov 6, banks and payment firms will be barred from handling crypto business for providers without central bank authorization. Argentina-based crypto app Lemon has already pulled out of the country, citing the new rules' cost.</p>

Brazil’s crypto license deadline closed with far fewer applicants than expected
Only about 40 crypto firms applied for a central bank license before Friday’s deadline, well short of the 150 to 200 the industry had expected, according to local trackers. Firms that missed it have until Nov 29 to shut down their crypto services.
From Friday, Nov 6, banks and payment firms will be barred from handling crypto business for providers without central bank authorization. Argentina-based crypto app Lemon 

Brazil’s crypto license deadline closed with far fewer applicants than expected Only about 40 crypto firms applied for a central bank license before Friday’s deadline, well short of the 150 to 200 the industry had expected, according to local trackers. Firms that missed it have until Nov 29 to shut down their crypto services. From Friday, Nov 6, banks and payment firms will be barred from handling crypto business for providers without central bank authorization. Argentina-based crypto app Lemon has already pulled out of the country, citing the new rules' cost.

Comment