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Binance Seeks Brazil Crypto License as It Delists 22 Tokens

By The Defiant Team

Lending and margin restrictions take effect Oct. 27, while an on-time application allows existing providers to operate during the central bank's review.

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Cryptocurrency

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.

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Central bank

The public institution that manages a country's currency, money supply and benchmark interest rate, such as the Federal Reserve or the Reserve Bank of India.

Its decisions on rates and money supply move loan costs, currencies and markets for everyone in the economy.

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