Binance will restrict eight products and services and delist 22 tokens for Brazilian users starting October 27 as part of a restructuring to comply with Central Bank regulations.
By October 29, customers in Brazil will have individual payment accounts with Binance Brasil Corretora de Câmbio e Valores Mobiliários SA. Virtual asset services will be provided by BBrasil Sociedade Prestadora de Serviços de Ativos Virtuais Ltda., another Binance Group company.
Restricted Services and Delisted Tokens
The eight restricted services effective October 27 are: Loans, Binance Pool, Cloud Mining, Margin, Launchpool, Megadrop, HODLer Airdrops, and Alpha 2.0. Users with existing positions can generally close or reduce them and transfer remaining balances to Spot accounts but cannot open new positions. Trading will remain available until October 27, after which holders can withdraw or reinvest their balances.
Binance is delisting 22 tokens in Brazil: XVG, USDE, USTC, DCR, DUSK, PIVX, BB, MANTRA, ONE, GMT, TFUEL, ZIL, ONT, RVN, ACX, HIT, PYR, VANRY, VIC, ICX, SCRT, and STORJ. Existing token balances will remain in customer accounts after delisting.
Account Migration and Continuity
The changes do not require customers to repeat identity verification, though those with outdated registration details may be asked to update them. Deposit addresses for crypto assets remain unchanged, and transaction histories from before and after migration will be available.
Customers with existing positions in affected products can transfer remaining balances. Futures users who have an international account with Binance's Abu Dhabi entity may move existing futures positions there; otherwise, those positions will switch to reduce-only mode in the Brazilian account. Binance notes that crypto derivatives traded through the overseas entity are not regulated by Brazil's Central Bank or the CVM securities regulator.
New Reporting Requirements
Starting November 1, users sending crypto abroad or receiving it from overseas must provide the transfer's purpose and confirm details about the other party. Binance will report this information to Brazil's Central Bank monthly. Withdrawals cannot proceed until required details are submitted, while incoming transfers may remain pending.
Brazilian residents must migrate to the local service to continue using Binance. Customers who do not want to migrate can withdraw their assets and end their relationship with the exchange before October 27. Users based outside Brazil with valid proof of residence will remain on the global platform.
