Due to new capital regulations imposed by Brazil's central bank on cryptocurrency operators, there is a possibility that over 90% of crypto-related companies operating in the country may be forced to withdraw. This was reported by Bitcoin.com News by the 13th.
It is estimated that there are 200 to 300 Virtual Asset Service Providers (VASPs) active in the country, but only about 20 to 25 companies are expected to meet the new regulatory requirements and apply for licenses, with the actual number being...