Binance says it will limit a range of products for users in Brazil and remove 22 tokens from local trading on October 27, 2026, as it shifts customers into a new operating structure designed to comply with Brazil’s central bank rules.

The changes affect lending, margin trading, mining-related products and several token markets. Binance also outlined new account migration, reporting and international transfer procedures that will begin in late October and early November.

Services to be cut and how existing positions will be handled

From October 27, Brazilian residents will lose access to eight services: Binance Loans, Binance Pool, Cloud Mining, margin trading, Launchpool, Megadrop, HODLer Airdrops and Alpha 2.0. Binance said the affected products will stop taking new positions, while existing holdings will be dealt with under product-specific arrangements.

For loans booked through Binance’s Abu Dhabi entity, customers will move into a repayment-only setup. They will be able to settle outstanding positions without penalties, and any remaining balance after repayment will be returned to their Spot wallets.

Margin trading will be partially wound down rather than forcibly closed. Existing margin positions may stay open, but Brazilian users will no longer be able to place new margin orders, add more funds to margin accounts or take additional borrowing after the October 27 deadline.

Token delistings and futures arrangement

Binance also identified 22 tokens that will no longer be available for trading by Brazilian residents: XVG, USDE, USTC, DCR, DUSK, PIVX, BB, MANTRA, ONE, GMT, TFUEL, ZIL, ONT, RVN, ACX, HIT, PYR, VANRY, VIC, ICX, SCRT and STORJ.

Trading in those assets will continue until October 27. After that date, users may still keep the tokens in their accounts, withdraw them or move their holdings into supported products, according to the exchange.

Futures trading is being handled separately from the products being restricted. Binance said eligible customers may access futures through a separate international account operated by its Abu Dhabi entity. Existing futures positions that are not transferred there will switch to reduce-only mode, meaning users can close or cut positions but not open new ones.

Migration to local entities in Brazil

The exchange plans to move eligible Brazilian customers to BBrasil Sociedade Prestadora de Serviços de Ativos Virtuais Ltda., which it described as the group company responsible for permitted crypto services in Brazil. By October 29, users are also due to receive individual payment accounts through Binance Brasil Corretora de Câmbio e Valores Mobiliários SA, formerly known as Sim;paul, for Brazilian real transactions.

Binance said most customers will not need to complete identity verification again unless their registration data is outdated. It also said transaction history, account statements and current cryptocurrency deposit addresses will remain available after the migration.

Users who do not accept the migration must withdraw their assets and close their Binance accounts by October 27. Customers whose verified residence is outside Brazil will remain on Binance’s international platform.

New compliance, transfer and tax rules

The changes follow tighter licensing standards for crypto platforms in Brazil. Binance linked the move to Central Bank of Brazil Resolutions 519, 520 and 521, issued in November 2025, which cover authorization, customer protection, anti-money-laundering controls and certain cross-border virtual asset transactions.

Beginning November 1, international crypto transfers involving overseas parties will require additional information in some cases, including the purpose of a transaction and the identity of the sender or recipient. Binance said withdrawals that need those details will not be processed until the information is provided, while some incoming deposits may remain pending during review.

The exchange also said customers will need to complete a four-question risk assessment under Resolution 520 within 30 days of notification or face restrictions on new trading. On taxes, Binance said crypto transactions through its local entity will receive domestic investment tax treatment from October 29, including a capital gains exemption for monthly virtual asset sales of up to R$35,000 and progressive rates of 15% to 22.5% above that level. Assets held through the foreign Binance entity will remain subject to separate rules, including a 15% annual rate on applicable gains without the domestic exemption.

Source: crypto.news