Brazil Sets Friday License Deadline for Crypto Exchanges to Keep Operating

Crypto exchanges operating in Brazil must submit license applications by Friday, Oct. 30, to keep serving customers during regulatory reviews that can last up to two years. Firms that miss the deadline will have 30 days from Friday to stop providing services. Starting Nov. 6, banks and payment institutions will also face restrictions on crypto transactions with providers that lack authorization. Brazil’s central bank, Banco Central do Brasil (BCB), introduced a crypto regulatory framework in November 2025. It requires service providers to verify the origin and destination of transfers, including those involving self-custody wallets.