Brazil's deadline for crypto firms already in the market to seek a central bank license ended on Friday, 30 October, and a tracker had identified 68 institutions by 7:30 p.m. local time. BeInCrypto said the count comes from Cainvest Group, which follows the filings. Brazil ranked first in Chainalysis' 2026 Global Crypto Adoption Index, ahead of the United States and Nigeria, among 117 countries. The country recorded $252.5 billion in crypto activity between July 2025 and June 2026, and nearly half of the crypto value moving through Latin America now passes through Brazil.
Banks, the stock exchange and global platforms all filed
The list mixes applications the companies confirmed, notices from banks that already hold a central bank authorization, and cases seen only in documents tied to central bank proceedings. Three proceedings with a public status were on the decision agenda, two were under review, and two were waiting on papers from the applicants. Banks and market firms named in the tracker include B3, Itaú Unibanco, Bradesco, Nubank, Banco Inter and BTG Pactual through its unit Mynt. Exchanges include Binance, Coinbase, OKX, Bybit, Kraken, Bitget and the Brazilian platforms Mercado Bitcoin, Foxbit and Brasil Bitcoin. Coinbase confirmed its application on 29 October. Ripple is among the stablecoin and payments firms in the race. Itaú, Bradesco and the other licensed banks mostly used a simpler notification, because they already answer to the central bank. B3 applied to intermediate and hold virtual assets in custody, as part of a wider push into tokenized products.
Firms that missed the deadline have 30 days to stop
The rules sit in Central Bank of Brazil Resolutions 519, 520 and 521, published in November 2025 and in force since 2 February 2026. They carry out Law 14,478 of 2022 and create a licensed category, the virtual asset service provider, known locally as an SPSAV. Firms can be authorized as intermediaries, custodians or brokers. Companies already operating were given 270 days to file the first phase. Those that filed can keep working while the central bank reviews them. Those that did not must stop providing services within 30 days. From 30 October, Resolution 520 also bars banks and payment firms from handling transactions for virtual asset providers that are neither authorized nor in the application queue. A filing opens a two-phase review, and final approval still requires more conditions. Revolut has stopped crypto sales to Brazilian customers and will convert remaining balances into US dollars after 24 November. Binance's withdrawals after last week's hack are on the business desk. More licensing coverage is on the regulation desk.