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Only 40 Crypto Firms Met Brazil's Licensing Deadline — What the Shakeout Means for Traders
A deadline that cleared the fieldBrazil's cryptocurrency industry has just been through a sorting event. After the Central Bank of Brazil's October 30 deadline for virtual asset service providers (VASPs) to apply to keep operating, reports indicate that only around 40 companies applied — out of 150 to 200 that had been expected to seek licences. The rest face an orderly wind-down: firms...
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