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Brazil's Crypto License Deadline Arrives with Compliance Challenges
Brazil's cryptocurrency exchanges face mounting compliance costs and unanswered regulatory questions ahead of a license application deadline. Exchanges must apply for authorization by Friday to continue operating, but the cutoff date is just the start of a lengthy compliance process. High capital requirements, complex compliance obligations, and recurring audits are among the challenges faced by exchanges. Brazil introduced its crypto regulatory framework in November 2025, setting rules for exchanges, custodians, and other virtual asset service providers under the supervision of its central bank, the Banco Central do Brasil (BCB).