Brazil's Central Bank Publishes List of 120 Crypto Authorisation Applications, With 119 Under Examination

The Banco Central do Brasil (BCB) has published the names of 120 companies that applied for authorisation to keep providing virtual-asset services in Brazil, in a list marked as last updated on 6 November 2026. Of those applications, 119 carry the status "Em exame" (under examination) and one is marked "Indeferido" (rejected). No company on the list is shown as authorised, and the central bank states that inclusion in the list does not mean a company is authorised by the BCB.

The same page separately lists 24 banks, brokers and other institutions that are already authorised by the BCB and may provide virtual-asset services under article 22 of Resolução BCB nº 520/2025. The publication arrived on the day the article 91 ban on regulated institutions dealing with unauthorised virtual-asset providers took effect.

What the Application List Shows

The first table covers companies that declared they were providing virtual-asset services in Brazil and filed an authorisation request under article 88 of Resolution 520, the transition rule for providers already active when the regulation entered into force on 2 February 2026. Each entry shows the CNPJ root, the company name, the requested modality and the status of the request. According to the BCB data behind the page, read on 8 November 2026, 73 applications are for the intermediária (intermediary) modality, 46 for corretora (broker) and one for custodiante (custodian). The only custodian applicant is SRM Trust SPSAV Sociedade Prestadora de Serviços de Ativos Virtuais Ltda.

The single rejected request is from Higherway Tech Soluções Ltda. (CNPJ root 39.695.312), which applied as an intermediária. The BCB page does not give reasons for the decision.

Broker applications include companies named B3 Digitas, Inter Digital Assets, Nu Crypto, Santander Investimentos, Núclea, Mercado Bitcoin, Foxbit OTC, Ripio Brasil, Transfero, Parfin, Circle do Brasil, Ripple Brasil, Bybit Brasil, OKX, Kucoin Brasil, Gate, MEXC Brasil and Payward Brasil. Intermediary applications include Coinbase Brasil, Dlocal Brasil, Webull, OSL Brasil, Liqi, LUMX, Stark Digital Assets, Conta Simples and BBrasil Sociedade Prestadora de Serviços de Ativos Virtuais Ltda., the Binance-group company through which Binance's filing was reported in October. No entity carrying the Binance name itself appears on the list.

The second table, under article 22, lists 24 institutions that already hold BCB authorisation. Eight are shown for custody and intermediation: Itaú Unibanco, Banco Bradesco, Banco do Brasil, Banco BTG Pactual, Banco Safra, Safra DTVM, Azimut Brasil DTVM and Braza Bank. The other 16, among them Banco XP, Banco BS2, PicPay Bank, Banco Genial, Banco Rendimento, Banco Travelex, Ebury, Ouribank and Avenue Securities, are shown for intermediation only. These institutions do not need to become SPSAVs; article 22 requires them to send the BCB a formal communication instead.

Why the List Matters for Banks and Counterparties

The list is the official record the BCB said it would prepare before the counterparty ban in article 91. In Voto 108/2026-BCB of 22 September 2026, the central bank's board moved the start of that ban from 30 October to 6 November 2026 so that the BCB could systematise and publish an official list of institutions in transition, covering both virtual-asset providers that filed for authorisation and eligible institutions that notified their intention to act in the market. Resolução BCB nº 589/2026 set the new date.

From 6 November, financial institutions, payment institutions and other BCB-authorised institutions may not carry out or enable virtual-asset operations whose counterparties are providers not authorised to operate in Brazil by the BCB, except in forms the regulation expressly allows. The ban covers trading, intermediation and custody of virtual assets, foreign-exchange operations, and opening and maintaining payment accounts when these are used to enable such operations.

For a bank, payment firm or business partner checking a crypto provider, the page answers two separate questions: whether a company has an application on file and what its status is, or whether an already-authorised institution appears under article 22. Under article 88, paragraph 6, of Resolution 520, providers that filed on time may keep providing their services until their authorisation process is concluded, but may not take on a different modality during that period.

What Comes Next

Under article 88, paragraph 7, providers that did not file by the 30 October 2026 deadline must stop providing virtual-asset services within 30 days of the end of that deadline, which points to 29 November 2026. Companies absent from the 6 November list therefore face that cut-off unless they hold authorisation by another route.

For the 119 pending applicants, the next step is the BCB's decision on phase 1 of the authorisation process. Article 88, paragraph 1, says the adaptation period ends when the BCB rules on phase 1; after that, applicants must comply fully with Law 14.478/2022 and BCB rules even if no final decision on authorisation has been taken. The BCB has not published a timetable for these decisions. Any change from "Em exame" to a decision should be checked against the same BCB table, which carries its own update date.