Coinbase seeks Brazil crypto license, expects no service disruption

Coinbase has applied for authorization ahead of Brazil’s Oct. 30 deadline and says it expects to maintain existing services while regulators review its application.

Coinbase has applied for authorization to operate as a crypto service provider in Brazil ahead of the country’s license application deadline on Friday.

The US-based cryptocurrency exchange submitted its application to the Central Bank of Brazil on Wednesday under the country’s virtual asset service provider (VASP) framework, according to a statement shared with Cointelegraph.

The filing aims to maintain Coinbase’s existing Brazilian operations as the central bank introduces new requirements covering governance, customer asset safeguards and compliance.

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