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Coinbase Applies for Crypto License in Brazil
(4 hours ago) · 1 source · Summarized by CryptoBipto
Coinbase has applied for a cryptocurrency license in Brazil as part of the country's evolving regulatory framework. The company has stated that it does not expect any disruption to its existing services during the licensing process.
WHY IT MATTERS
When a crypto exchange wants to operate in a country, it often needs a license from that country's government — similar to how a bank needs a charter to operate.
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SOURCES
- cointelegraph.com
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