Brazil Regulator Warns That 30% of Crypto Exchanges Fail New Capital Rules

Brazil's central bank says nearly one-third of the 120 crypto exchanges that applied to continue operating as virtual asset service providers fall short of the share capital required under its regulations. Those firms could see their applications rejected after review. The warning signals tighter consolidation of Brazil's exchange market, with smaller operators at risk of being shut out and traders facing fewer or less capitalized venues.