Binance has applied to the Central Bank of Brazil for a cryptocurrency service provider license through its local entity, BBrasil. The application is intended to allow Brazilian users to continue accessing crypto assets, stablecoins, payments, and investment services. The exchange has nevertheless restricted crypto lending and margin trading, while delisting 22 crypto assets in the country. Filing the application before the October 30 regulatory deadline does not constitute regulatory approval, and Binance hopes that discussions with the central bank will allow it to restore some suspended services.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
