Binance has announced that it will remove 22 cryptocurrencies from trading for customers in Brazil and restrict access to eight of its services beginning October 27. The measures apply exclusively to Brazilian residents and form part of the platform’s broader adaptation to regulations issued by the Central Bank of Brazil. Users outside the country remain unaffected.

Trading in the affected tokens will continue until the cutoff date. After October 27, Brazilian customers will retain their existing balances and may still withdraw the assets or transfer them into supported products. The delisting does not apply on a global basis.

Tokens Removed from Brazilian Trading

The cryptocurrencies scheduled for removal include Verge (XVG),Ethena USDe (USDE),TerraClassicUSD (USTC),Decred (DCR),Dusk (DUSK),PIVX, MANTRA, Harmony (ONE),Ravencoin (RVN),Zilliqa (ZIL),Secret (SCRT),BounceBit (BB),STEPN (GMT),Theta Fuel (TFUEL),Ontology (ONT),Across Protocol (ACX),HIT, Vulcan Forged (PYR),Vanar Chain (VANRY),Viction (VIC),ICON (ICX) and Storj (STORJ).

Binance confirmed that balances in these tokens will stay in customer accounts after trading ends. Withdrawals and reinvestment into permitted assets will remain available.

Eight Services Facing Restrictions

From October 27 the platform will stop accepting new positions in Binance Loans, Binance Pool, Cloud Mining, margin trading, Launchpool, Megadrop, HODLer Airdrops and Alpha 2.0. Existing loans will shift to a repayment-only status so that borrowers can settle outstanding amounts without penalties. Any residual balances after repayment will return to spot wallets.

Margin positions already open may remain active because no mandatory closure deadline has been set. Customers will be barred from placing new margin orders, adding funds to margin accounts or obtaining further loans through the restricted products.

Migration to Local Brazilian Entities

Binance plans to transfer eligible Brazilian customers to local group companies effective October 29. Accounts will move under BBrasil Sociedade Prestadora de Serviços de Ativos Virtuais Ltda., which will handle permitted cryptocurrency services, while payment processing in Brazilian reais will be managed by Binance Brasil Corretora de Câmbio e Valores Mobiliários SA, previously known as Sim;paul.

Customers will receive individual payment accounts by that date. Existing transaction histories, statements and cryptocurrency deposit addresses will carry over. Identity verification will not need to be repeated unless registration details are outdated. Virtual asset custody will continue through Nest Clearing and Custody Ltd., an entity supervised by Abu Dhabi’s Financial Services Regulatory Authority.

Residents who decline the migration must withdraw their assets and close their accounts before October 27. Users whose verified residence lies outside Brazil will stay on the international platform.

Futures Trading and International Transfers

Cryptocurrency derivatives cannot be offered directly to Brazilian residents under local securities rules. Eligible customers may access futures through a separate international account operated by Binance’s Abu Dhabi entity. Existing futures positions that are not transferred will enter reduce-only mode, allowing closure or reduction but not new openings.

Beginning November 1, international cryptocurrency transfers involving Brazilian customers will require disclosure of transaction purposes and counterparty details. Withdrawals cannot proceed until the information is supplied. Incoming transfers may remain pending until recipients complete the required verification. These procedures align with Resolution 521 governing certain foreign-exchange reporting for virtual assets.

Customers will also need to complete a four-question risk assessment under Resolution 520. Failure to respond within 30 days of notification will result in restricted new trading activity.

Tax Treatment After Migration

Once accounts move to the local entity, crypto transactions will fall under domestic investment tax rules. Monthly virtual asset sales totaling the equivalent of approximately $7,000 or less qualify for a capital gains exemption. Sales exceeding that threshold face progressive rates of 15 percent to 22.5 percent. Holdings maintained through the foreign entity remain subject to separate rules that include a 15 percent annual rate on applicable gains without the domestic exemption threshold.

The local virtual asset provider will report transaction data to Brazil’s Federal Revenue Service under the DeCripto framework. The Abu Dhabi entity is scheduled to begin reporting under the Crypto-Asset Reporting Framework to United Arab Emirates authorities in 2027.

The operational changes follow the Central Bank of Brazil’s Resolutions 519, 520 and 521, introduced in November 2025 and partially amended by Resolution 589 effective October 1. The framework covers licensing, customer protection, anti-money-laundering controls and international virtual-asset transactions. Binance acquired the Brazilian brokerage Sim;paul in December 2024, securing an existing local financial institution authorized by the central bank.