Binance Seeks Brazil License as 22 Tokens Face Delisting
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Binance is pursuing a crypto license in Brazil while delisting 22 tokens, with lending and margin restrictions taking effect Oct. 27, The Defiant reports.
Binance is seeking a cryptocurrency license in Brazil as it moves to delist 22 tokens, according to The Defiant.
Restrictions affecting lending and margin services are scheduled to begin Oct. 27. The available report does not identify the affected tokens or give a separate date for their delisting.
Under Brazil's licensing process, existing providers that submit applications on time can continue operating while the central bank reviews their submissions. Filing an application does not itself constitute approval.
Source: The Defiant