The exchange is delisting 22 crypto assets for Brazilian users and hopes talks with the central bank will allow it to restore some services.
Binance has applied for a cryptocurrency service provider license in Brazil, seeking to maintain its operations in one of Latin America’s largest crypto markets ahead of a regulatory deadline on Friday, Oct. 30.
The exchange submitted its application to the Central Bank of Brazil on Friday, Oct. 23, through its local entity, BBrasil, according to a statement shared with Cointelegraph.
The company said the filing would allow Brazilian users to continue accessing crypto assets, stablecoin trading, payments and investment services.
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