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Coinbase applies for Brazil crypto licence to meet new rules

Coinbase has requested local authorisation to continue providing crypto services in Brazil, submitting an application to the central bank a day before the deadline. The move follows Brazil’s introduction of a new regulatory framework covering governance, customer asset protection and compliance systems. Existing virtual asset service providers that apply by end-October can keep operating during the review period under transitional rules. Coinbase also reiterated plans to expand beyond crypto trading by combining foreign exchange and payments services.