Brazil's crypto exchanges face compliance deadline ahead of Halloween

Brazil's crypto exchanges must apply for authorization by Friday to continue operating under new regulations introduced in November 2025. The deadline marks the start of a lengthy review process that can take up to two years. Exchanges must verify crypto transfer origins and destinations, including self-custodial wallets, and face a $100,000 limit on certain international transfers. Major exchanges including OKX, Binance and Coinbase have filed applications, while smaller operators cite high compliance costs.