According to Binance, the cryptocurrency exchange will restrict eight crypto services and remove 22 tokens from trading for Brazilian users starting October 27, 2026. The affected services include Binance Loans, Binance Pool, Cloud Mining, margin trading, Launchpool, Megadrop, HODLer Airdrops and Alpha 2.0. The exchange confirmed that affected services will stop accepting new positions, with existing holdings subject to different closure arrangements. Customers holding affected assets will retain access to their balances, although Binance will prevent them from opening new positions in restricted products. The affected tokens include 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 the affected tokens will remain available until October 27, with customers who continue holding them after the deadline able to retain their balances, withdraw the assets or reinvest in supported products.
Under the new arrangements, Binance plans to move eligible customers to BBrasil Sociedade Prestadora de Serviços de Ativos Virtuais Ltda., a group company responsible for permitted cryptocurrency services in Brazil. By October 29, residents will receive individual payment accounts through Binance Brasil Corretora de Câmbio e Valores Mobiliários SA, formerly known as Sim;paul. The company will process transactions in Brazilian reais, while the separate virtual asset provider will handle regulated cryptocurrency activities. Binance obtained approval to acquire Sim;paul in December 2024, giving the exchange access to an existing local financial institution authorized by Brazil's central bank. Customers will not need to complete identity verification again unless their registration information is outdated, and their transaction history, account statements and existing cryptocurrency deposit addresses will remain available after migration. Customers who decline the migration must withdraw their assets and close their Binance accounts before October 27, while those whose verified residence is outside Brazil will remain on the international platform.
For futures trading, Binance states that it cannot offer cryptocurrency derivatives directly to Brazilian residents under the country's 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 the international account will enter reduce-only mode, allowing customers to close or reduce positions without opening new ones. The derivatives arrangement follows earlier regulatory scrutiny in Brazil, where Binance agreed to a $1.7 million settlement with the country's securities regulator in 2024 over unauthorized derivatives offerings. Customers with outstanding loans contracted through Binance's Abu Dhabi entity will enter a repayment-only arrangement, with borrowers able to settle their positions without penalties and any remaining balances returning to their Spot wallets.
Alongside the October account migration, Binance will introduce new checks on cryptocurrency transfers involving overseas parties from November 1, 2026. Under the international crypto transfer requirements, Brazilian customers must provide the purpose of certain transactions and identify the individuals or businesses sending or receiving the assets. Withdrawals requiring this information cannot proceed until users complete the necessary details, while incoming deposits may remain pending while the exchange collects the required information. The procedures fall under Resolution 521, which governs certain cryptocurrency transactions within Brazil's foreign exchange reporting system. Binance will submit relevant transaction information to the central bank through monthly reports. The exchange will also require customers to complete a four-question risk assessment under Resolution 520, with users having 30 days after receiving the notification to submit their responses, with new trading restricted if they fail to complete the assessment within that period.
Following the migration, Binance says crypto transactions conducted through its local entity will fall under domestic investment tax treatment starting October 29. Monthly virtual asset sales totaling R$35,000 or less qualify for a capital gains exemption, while monthly sales exceeding that threshold face progressive rates ranging from 15% to 22.5%. International investments held through the foreign Binance entity will remain subject to separate tax rules, including a 15% annual rate on applicable gains without the domestic R$35,000 exemption. For regulatory reporting, the local virtual asset provider will submit transaction information to Brazil's Federal Revenue Service under the DeCripto framework, while the Abu Dhabi entity will begin reporting under the Crypto-Asset Reporting Framework to authorities in the United Arab Emirates in 2027. The changes follow Brazil's tighter licensing requirements for crypto exchanges, which require virtual asset providers to obtain authorization and comply with local operating standards through Resolutions 519, 520 and 521 established in November 2025.
