COINTELEGRAPH · 2026-10-29 13:30 UTC

Brazil's Halloween eve crypto deadline brings more tricks than treats

Brazilian crypto exchanges must apply for licenses by Friday to continue operating under new regulations introduced in November 2025, with the application process potentially taking up to two years. Exchanges face high compliance costs ($2-7.2 million minimum capital), complex regulatory requirements, and unresolved questions about self-custody wallet identification and transaction limits. Major exchanges like Binance, Coinbase, and OKX have filed applications, but smaller operators may find compliance costs unviable, potentially increasing market concentration.

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