Central Bank of Brazil: 30% of Crypto Exchanges Fail to Meet New Capital Requirements

深潮 TechFlow news, November 13, according to Bitcoin.com News, Ailton Aquino, Inspector General of the Central Bank of Brazil, said at a meeting that among the 120 virtual asset service providers that submitted applications to continue operations before the October 30 deadline, nearly one-third failed to meet the capital requirements set out in Resolutions No. 519 and No. 520 of the central bank. Each institution must hold up to USD 7.2 million in capital depending on its classification, and the related applications may be rejected after review.

Source: 深潮 TechFlow