Coinbase Submits License Application for Cryptocurrency Service Provider in Brazil
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Coinbase has submitted a license application for cryptocurrency service providers in Brazil, with a deadline of October 30. This move aims to ensure the continued operation of its business in Brazil and to comply with the new requirements set by the Central Bank of Brazil regarding governance, customer asset protection, and compliance. According to Brazilian regulations, existing cryptocurrency service providers must submit their license applications by the end of October to continue operating during the transition period. Service providers that submit applications can continue their business during the review period.
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