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Source: Banco Central do Brasil open data (authorisation processes) · reference date 30/09/2026 · checked on 20 Oct 2026, 23:59 BRT

Brazil / Analysis

Analysis

Who has applied and who is leaving: Brazil's crypto licensing scorecard

Where each major platform stands according to Central Bank data and public statements, sourced line by line.

By , founder of VASP Tracker · Published · Data updated

VASP Tracker follows 170 crypto platforms active in Brazil, 22 of them classed as major brands. This scorecard combines two sources that we keep separate: the Central Bank's open authorisation-process dataset (reference date 30/09/2026) and public statements by companies or the press, each linked and dated.

The major-brand scorecard

22 major platforms in Brazil: status at 30/09/2026In BCB data: 0; Says it has filed: 3; Says it will file / in transition: 4; Exit or scale-back: 4; Other route (bank, partner, restructuring): 5; No public confirmation: 622 major platforms in Brazil: status at 30/09/2026“In BCB data” comes from BCB; other categories come from public statements, linked on each platform page.In BCB data0—Says it has filed3Bybit, Mercado Bitcoin (MB), OKXSays it will file / in transition4B3, Coinbase, Foxbit, Nubank CriptoExit or scale-back4Bitso, Crypto.com, NovaDAX, RipioOther route (bank, partner,restructuring)5Binance, Bradesco, BTG Pactual / Mynt, Itaú (íon),Mercado PagoNo public confirmation6Bitget, Gate, Inter, Kraken, KuCoin, MEXCSource: BCB open data (reference date 30/09/2026); public statements. VASP Tracker, CC BY 4.0.
Figure 1. Status of major platforms. Download: SVG · PNG (CC BY 4.0)

No major brand appears in BCB data. 3 say they have filed (Bybit, Mercado Bitcoin (MB), OKX). OKX said it filed on 16 Oct 2026 and Bybit's filing was reported on 20 Oct 2026, both after the reference date. 4 said they will apply or operate under the transition regime; 4 announced an exit or a scale-back of BRL services; 5 follow another route (a bank's own procedure, partners or restructuring); 6 have not confirmed publicly.

PlatformCategoryStatementRecordedSource
BybitSays it has filedAccording to Exame (20 Oct 2026), it filed an SPSAV application with BCB and paid in about BRL 30m of local capital.20 Oct 2026exame.com
Mercado Bitcoin (MB)Says it has filedStates on its own website that its SPSAV is in the BCB authorisation process as a virtual asset broker.17 Oct 2026mercadobitcoin.com.br
OKXSays it has filedSaid it filed an SPSAV application (broker modality) plus a foreign-exchange authorisation on 16 Oct 2026 (Exame, 17 Oct 2026).17 Oct 2026exame.com
B3Says it will file / in transitionDirector Humberto Costa said (8 Oct) it will file before the deadline.8 Oct 2026bitnoticias.com.br
CoinbaseSays it will file / in transitionSaid it intends to apply for SPSAV authorisation (Fábio Plein to Broadcast, 31 Jul 2026).31 Jul 2026bitnoticias.com.br
FoxbitSays it will file / in transitionStates on its compliance page that it will file for PSAV authorisation within the deadline.10 Oct 2026foxbit.com.br
Nubank CriptoSays it will file / in transitionTerms (effective 6 Oct 2026) name Nu Crypto SPSAV operating under the Res. BCB 520 transition regime.6 Oct 2026nubank.com.br
BitsoExit or scale-backEnds direct retail services in Brazil by 30 Oct 2026; clients can migrate to MB.3 Oct 2026support.bitso.com
Crypto.comExit or scale-backCloses its BRL account on 25 Oct 2026; continues crypto-only services.3 Oct 2026help.crypto.com
NovaDAXExit or scale-backShut trading in July; crypto withdrawals until 30 Oct 2026.1 Oct 2026novadax.com.br
RipioExit or scale-backStops holding BRL balances from 30 Oct (converted to wBRL); has not announced an exit.3 Oct 2026portaldobitcoin.uol.com.br
BinanceOther route (bank, partner, restructuring)Announced migration of Brazilian users to local entities (BBrasil SPSAV and Binance Brasil Corretora) by 29 Oct 2026; an SPSAV filing was not publicly confirmed in the sources reviewed.8 Oct 2026binance.com
BradescoOther route (bank, partner, restructuring)According to Bitnotícias, confirmed it will file a PSAV application under the bank's CNPJ.10 Oct 2026bitnoticias.com.br
BTG Pactual / MyntOther route (bank, partner, restructuring)Mynt integrated into BTG apps with client migration since September.10 Oct 2026bitnoticias.com.br
Itaú (íon)Other route (bank, partner, restructuring)Offers BTC and ETH in íon with own custody; banks may follow a notification path.10 Oct 2026bitnoticias.com.br
Mercado PagoOther route (bank, partner, restructuring)Crypto offered via partners (Paxos, Ripio); the payment-institution licence does not cover partners.10 Oct 2026bitnoticias.com.br
BitgetNo public confirmationCEO Gracy Chen said Brazil is an important market and the firm talks to regulators, without confirming a filing (Exame, 1 Oct 2026).1 Oct 2026bitnoticias.com.br
GateNo public confirmationValor Econômico (March) reported no intention to seek a licence; not confirmed by the company.3 Oct 2026portaldobitcoin.uol.com.br
InterNo public confirmationSPSAV subsidiary named in group documents; no filing found in the monthly dataset.10 Oct 2026bitnoticias.com.br
KrakenNo public confirmationHas a Brazilian entity under the Res. BCB 520 transition regime; has neither confirmed nor denied an SPSAV filing.10 Oct 2026bitnoticias.com.br
KuCoinNo public confirmationPosted a country-manager job for a Brazilian entity and BCB relations; no confirmed filing.10 Oct 2026bitnoticias.com.br
MEXCNo public confirmationNo public confirmation of a filing, filing date or exit.10 Oct 2026bitnoticias.com.br

Who is in BCB data

The 7 open SPSAV processes at reference date 30/09/2026 belong to firms outside our major-brand list: Masterpay, Mazzera, Onda Finance, PFPay, Transfero, W Brasil Comércio, Wynx Exchange. One application, from Higherway Tech, was denied, according to an Official Gazette notice reported by the press. As of 20 Oct 2026, no SPSAV was listed as authorised.

Open SPSAV authorisation processes, by monthly reference dateNo SPSAV processes from Jan 2024 to May 2026; then: 2026-06: 1, 2026-07: 2, 2026-08: 2, 2026-09: 7Open SPSAV authorisation processes, by monthly reference date0246810Jan 2024Juln/aJan 2025JulRes. 519–521 (10 Nov)Jan 2026Res. 520 in force (2 Feb)12Jul27SPSAV segmentSegment not stated (crypto name)
Figure 2. Open SPSAV processes by reference date. Download: SVG · PNG (CC BY 4.0)

All tracked platforms

All 170 tracked platformsIn BCB data: 7; Says it has filed: 6; Says it will file / in transition: 12; Exit or scale-back: 10; Other route (bank, partner, restructuring): 8; No public confirmation: 127All 170 tracked platformsIn BCB data7Masterpay, Mazzera, Onda Finance, PFPay, Transfero,W Brasil Comércio, Wynx ExchangeSays it has filed6—Says it will file / in transition12—Exit or scale-back10—Other route (bank, partner,restructuring)8—No public confirmation127—Source: BCB open data (reference date 30/09/2026); public statements. VASP Tracker, CC BY 4.0.
Figure 3. All platforms by category. Download: SVG · PNG (CC BY 4.0)

How to read these numbers

  • BCB data is monthly and lists only open processes; filings after 30/09/2026 appear in the next reference date.
  • Already-authorised banks and brokers follow a notification route (Res. 520, art. 22) that is not in the dataset.
  • Public statements are not confirmed by BCB. The category reflects what the company or press said, not our assessment.
  • Absence from the dataset does not imply wrongdoing.

Full data: CSV/JSON downloads · methodology.

Sources

  1. BCB · Processos de autorização (dados abertos) dadosabertos.bcb.gov.br
  2. Resolução BCB 520/2025 www.bcb.gov.br

Cite this

VASP Tracker, “Who has applied and who is leaving: Brazil's crypto licensing scorecard”, BCB data as of reference date 30/09/2026, https://vasptracker.com/en/br/analysis/licensing-scorecard/ (accessed 20 Oct 2026).

Found an error? Report a correction · Corrections · Figures and data under CC BY 4.0.