CROWDFUNDINSIDER · 2026-11-14 22:09 UTC

Brazil's VASP Licensing : 30% of Crypto Exchanges Fail Capital Test According to Banco Central do Brasil (BCB) Update

Brazil's Central Bank has received 120 applications from crypto platforms seeking authorization as virtual asset service providers. Director of Supervision Ailton de Aquino Santos said at least 30 percent of applicants lack share capital meeting the new rules, which can require up to about R$37.2 million depending on activities. Of the 120 filings, 119 remain under review and one has been denied; several platforms, including Bitnuvem, NovaDAX, Digitra and Coinext, have exited the market.

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