Coinbase seeks Brazil crypto license, expects no service disruption

Coinbase has applied for authorization to operate as a crypto service provider in Brazil ahead of the country’s license application deadline on Friday.

The US-based cryptocurrency exchange submitted its application to the Central Bank of Brazil on Wednesday under the country’s virtual asset service provider (VASP) framework, according to a statement shared with Cointelegraph.

The filing aims to maintain Coinbase’s existing Brazilian operations as the central bank introduces new requirements covering governance, customer asset safeguards and compliance.

“We do not expect the application review to require a suspension of our existing services,” a Coinbase spokesperson told Cointelegraph.

Coinbase also reiterated plans to bring its “Everything Exchange” strategy to Brazil, potentially expanding into foreign exchange and payments alongside crypto services. Those activities require separate regulatory authorizations.