Coinbase Applies for Brazil Crypto License
Coinbase has applied for regulatory authorization in Brazil ahead of the October 30 deadline and expects no service disruptions.
Crypto exchange Coinbase has applied for official authorization to operate in Brazil, according to Cointelegraph. The filing comes ahead of the country's October 30 regulatory deadline.
Service Continuity Expected
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Despite the pending application review by regulators, Coinbase stated that it does not expect any suspension or disruption of its existing cryptocurrency services for users in the region.
Key facts
- Coinbase applied for authorization to operate in Brazil.
- The application was submitted ahead of Brazil's October 30 deadline.
- The company expects no service disruptions during the regulatory review process.
Source: cointelegraph.com
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