Binance will restrict eight cryptocurrency services and stop trading in 22 tokens for Brazilian users from October 27, introducing new limits on how customers can trade, borrow, and access selected products on the exchange.
The exchange announced the changes on October 8, covering lending, mining, margin trading, and token reward products. Existing positions will face different restrictions depending on the service, while customers holding affected tokens will retain access to their balances.
The exchange has also set October 29 as the deadline for migrating eligible customers to its Brazilian operating entities. A separate set of requirements for international crypto transfers will begin on November 1.
Why Is Binance Delisting 22 Tokens in Brazil?
The restrictions cover 22 cryptocurrencies, including XVG, USDE, USTC, DCR, DUSK, PIVX, BB, MANTRA, ONE, GMT, TFUEL, ZIL, ONT, RVN, ACX, HIT, PYR, VANRY, VIC, ICX, SCRT, and STORJ.
Brazilian users can continue trading these assets until October 27. After the deadline, they will no longer be able to trade the affected tokens through Binance’s Brazilian service, but can retain or withdraw their remaining balances.
Binance has not announced whether trading access to these tokens could return in the future. Restrictions on bStocks, which provide tokenized exposure to stocks, will also continue. Users should consult the relevant product notices for the availability and withdrawal arrangements that apply to their accounts.
Eight Binance Services Face Restrictions
Binance says the following eight services will be restricted for Brazilian users from October 27:
- Binance Loans
- Binance Pool
- Cloud Mining
- Margin Trading
- Launchpool
- Megadrop
- HODLer Airdrops
- Alpha 2.0
The restrictions will primarily affect customers seeking to open new positions or access these products. Existing positions will be handled according to the relevant service.
Customers with outstanding loans through Binance’s Abu Dhabi entity will need to repay them. Binance said it will not impose additional fees or penalties solely because of the regulatory change, and any remaining balance after repayment will return to users’ Spot wallets.
Margin traders will face separate limits. They can maintain existing positions, as Binance has not set a mandatory closure deadline, but cannot place new margin orders, transfer additional funds into margin accounts or borrow more after October 27.
These conditions apply to the affected services and should not be interpreted as a blanket freeze on all Brazilian Binance accounts.
Binance Shifts Eligible Customers to Local Entities
Binance is also changing the structure behind its Brazilian operations. Under the new arrangement, local payment services and cryptocurrency services will be handled by separate companies within the Binance group.
Binance Brasil Corretora de Câmbio e Valores Mobiliários SA, formerly known as Sim;paul, will provide individual payment accounts and handle transactions in Brazilian reais. BBrasil Sociedade Prestadora de Serviços de Ativos Virtuais Ltda. will provide cryptocurrency services permitted under local regulations.
Eligible customers are expected to complete the migration by October 29. Binance said users will not need to repeat identity verification unless their registration details are outdated. Their transaction histories, statements, and existing crypto deposit addresses will remain available.
The exchange also said Nest Clearing and Custody Ltd., regulated by Abu Dhabi’s Financial Services Regulatory Authority, will continue to hold custody of crypto assets.
Customers who do not want to migrate must withdraw their assets and close their Binance accounts before October 27. Users with verified residential addresses outside Brazil will remain on the international platform.
Futures and Transfers Get New Rules
Crypto futures and other derivatives will follow a separate arrangement from the eight restricted services. Binance said it cannot offer these products directly to Brazilian residents under applicable securities regulations.
Eligible customers may independently access futures through a separate international account operated by Binance’s Abu Dhabi entity. Existing futures positions that are not moved to that account will become reduce-only, allowing customers to close or reduce positions without opening new ones.
International crypto transfers will face additional checks from November 1. Customers sending assets abroad or receiving them from overseas will need to state the purpose of applicable transfers and confirm information about the sender or recipient.
Withdrawals requiring these details will remain blocked until the information is provided, while incoming deposits may stay pending. Binance will submit relevant transaction information to Brazil’s central bank through monthly reports under Resolution 521.
The changes follow Brazil’s regulatory framework for virtual asset service providers, established through Central Bank Resolutions 519, 520, and 521 in 2025.
New Risk Checks and Tax Rules
Brazilian users will also face a new risk assessment requirement under Resolution 520. The four-question assessment must be completed within 30 days of receiving a notification. Accounts will continue operating normally during this period, but users who miss the deadline will need to complete the assessment before placing new trades.
The transition will also bring changes to crypto tax reporting. Binance said monthly crypto sales of up to R$35,000 qualify for a capital gains tax exemption under the applicable domestic rules. If total monthly sales exceed this threshold, gains may be taxed at progressive rates of 15% to 22.5%.
Crypto investments held through Binance’s international entity will remain under a separate tax regime. Applicable gains are subject to a 15% tax rate, without the R$35,000 exemption available under the domestic rules.
For reporting purposes, Binance’s Brazilian crypto entity will submit relevant transaction details to Brazil’s Federal Revenue Service under the DeCripto framework. Meanwhile, its Abu Dhabi entity plans to begin reporting under the Crypto-Asset Reporting Framework to authorities in the United Arab Emirates in 2027.
The immediate deadlines are October 27 for the service restrictions and token delistings, October 29 for the account migration, and November 1 for the new international transfer requirements.
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