{"id":78395,"date":"2026-09-19T22:39:06","date_gmt":"2026-09-19T22:39:06","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/only-four-crypto-exchanges-await-central-bank-approval-in-brazil\/"},"modified":"2026-09-19T22:39:06","modified_gmt":"2026-09-19T22:39:06","slug":"only-four-crypto-exchanges-await-central-bank-approval-in-brazil","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/only-four-crypto-exchanges-await-central-bank-approval-in-brazil\/","title":{"rendered":"Only Four Crypto Exchanges Await Central Bank Approval in Brazil"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Brazil\u2019s strict new rules and $7.2M capital requirement are forcing massive crypto exchange exits.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Just five VASPs applied ahead of the Oct 30 deadline, with analysts expecting only 10 of 300 to qualify.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Foreign platforms like Lemon are exiting, and new applicants face up to a 3-year wait for permits.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Only Five Exchanges Have Applied for Operating Licenses in Brazil<\/h2>\n<p>The Central Bank of Brazil\u2019s proposed and approved crypto regulatory framework is consolidating the country\u2019s crypto industry, with many exchanges terminating operations and exiting the country.<\/p>\n<p><a href=\"https:\/\/valor.globo.com\/financas\/criptomoedas\/noticia\/2026\/09\/18\/bc-recebeu-so-cinco-pedidos-de-licenca-cripto-1.ghtml\" target=\"_blank\" rel=\"noopener noreferrer\">According to Valor Economico<\/a>, only five virtual asset service providers (VASPs) applied to receive authorization to operate in Brazil, with one already rejected and four still under review.<\/p>\n<p>Internal sources claim the rejected application came from a company that failed to prove it was operating in the country before February 2, when the new rules came into effect, and also did not meet the new minimum capital standards. The companies seeking approval were not disclosed.<\/p>\n<p>Tatiana Guazzelli, partner at Pinheiro Neto Advogados, believes the number of applications will rise in October, as the companies clarify their doubts about the new regime and receive clarification from the central bank.<\/p>\n<p>Nonetheless, the framework imposed by the central bank, which requires exchanges to deliver constant reports, design compliance plans, and hold capital of up to $7.2 million, <a href=\"https:\/\/news.bitcoin.com\/crypto-news\/brazil-crypto-purchases-plummet-80-in-july-to-572-million\/\">has already taken a toll on the industry<\/a>, with several companies exiting the market before October 30, when the deadline to introduce these applications ends.<\/p>\n<p>Analysts estimated that <a href=\"https:\/\/news.bitcoin.com\/regulation-and-legal\/strict-capital-rules-trigger-mass-exit-of-brazil-crypto-firms\/\">only 10 VASPs out of around 300 companies<\/a> would have the required structure to comply with the new regulations, including the minimum capital requirements to operate.<\/p>\n<p>On September 17, Lemon, an Argentina-based exchange, communicated that <a href=\"https:\/\/www.clarin.com\/economia\/banco-central-brasil-endurece-controles-cripto-lemon-cierra-operaciones-pais_0_3htbH8lqCD.html\" target=\"_blank\" rel=\"noopener noreferrer\">it would wind down its operations<\/a>. The company stressed that obtaining a license would require <strong>\u201ctying up a disproportionate amount of capital for the size of our operation in that market.\u201d<\/strong><\/p>\n<p>After October 30, other exchanges could apply to receive central bank authorization. Nonetheless, they will have to wait for these permits to be issued before launching operations, a process that could take up to three years.<\/p>\n<p>Exchanges already established in Brazil can still operate while the bank reviews the application. Industry associations are requesting an extension to this deadline due to the time required to implement the central bank\u2019s compliance and capital requirements recommendations.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/regulation-and-legal\/only-four-crypto-exchanges-await-central-bank-approval-in-brazil\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Brazil\u2019s strict new rules and $7.2M capital requirement are forcing massive crypto exchange exits. Just five VASPs applied ahead of the Oct 30 deadline, with analysts expecting only 10 of 300 to qualify. Foreign platforms like Lemon are exiting, and new applicants face up to a [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":78396,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/78395"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=78395"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/78395\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/78396"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=78395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=78395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=78395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}