Binance Shuts Brazilians Out of New Loans and Margin Ahead of a Licensing Deadline

Binance said it has applied to Brazil’s central bank for authorization to keep offering crypto services in the country, as a set of product cuts for Brazilian users it announced earlier this month kicked in on Tuesday. According to a Binance statement, the request went to the central bank on Friday, Oct. 23 , under BBrasil Sociedade Prestadora de Serviços de Ativos Virtuais Ltda. , the group’s Brazilian crypto entity. The application is pending. A filing is not an authorization , and Unchained found no public acknowledgment of the request from the Banco Central do Brasil (BCB).