Binance filed for central bank authorization on October 23 to continue operating in Brazil while regulators review its application. The submission, made through the local entity BBrasil Sociedad Prestadora de Servicios de Activos Virtuales Ltda, meets the Friday, October 30 deadline. At the same time, the platform is delisting 22 tokens and restricting eight services, including loans, margin trading and cloud mining, for Brazilian customers. Customer accounts are also being transferred to Binance Brasil Corretora, with the migration targeted for completion before October 29 and Brazil’s new cross-border transfer reporting requirements taking effect on November 1.
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