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More than 90 percent of Brazil crypto firms may exit after central bank capital rules shock

More than 90 percent of Brazil\'s crypto businesses may withdraw from the market due to new capital rules set by the central bank, the article said. Of 200 to 300 crypto-related firms operating in Brazil, only 20 to 25 are expected to meet the requirements to apply for a licence, with as few as about 10 possibly winning approval. Firms face capital demands of up to 37.2 million reais, plus audits and reporting obligations.