World’s Top Crypto Adopter Brazil Closes License Deadline

Brazil’s largest banks, its main stock exchange B3, and major global and local crypto exchanges were among 68 institutions identified by 7:30 p.m. local time on Friday, Oct. 30, as seeking virtual asset service provider licenses from the Central Bank of Brazil, in a tracker run by Brazilian financial infrastructure firm Cainvest Group. The deadline for firms already active in the market ended that day. Those that filed can keep operating while the BCB reviews their applications, while firms that missed the deadline must stop providing services within 30 days. Brazil ranked first among 117 countries in Chainalysis’ 2026 Global Crypto Adoption Index and recorded $252.5 billion in crypto activity between July 2025 and June 2026.