Leading Exchange Secures Regulatory Authorization in Brazil, 21st Worldwide

A major cryptocurrency exchange has achieved a significant milestone by receiving approval from the Central Bank of Brazil to acquire a locally licensed brokerage in Latin America’s largest country. This accomplishment marks the company’s 21st global regulatory milestone, further establishing its position as the cryptocurrency exchange with the most licenses, registrations, and authorizations internationally.

Brazil: Embracing the Future of Finance

By gaining full approval to acquire Sim;paul—a licensed brokerage authorized by the Central Bank of Brazil to distribute securities and issue electronic money (EMI)—this global exchange, already compliant with local regulations, can now respond more efficiently to ongoing regulatory developments. This approval also makes the platform the first cryptocurrency exchange to hold a brokerage license in Brazil.

Richard Teng, CEO of the company, highlighted the significance of this achievement: “We are thrilled to announce our latest regulatory approval. Brazil’s rapidly growing crypto market is home to a vibrant and dynamic community embracing the future of finance. We appreciate local regulators’ commitment to establishing clear rules for this vital and expanding industry.”

Brazil ranks highly in global crypto adoption and is taking a proactive approach by setting specific regulations for the digital asset sector. The Central Bank and the Federal Revenue Service have published proposals for a dedicated regulatory framework, inviting public consultation from market participants and experts. At the same time, Congress is discussing federal bills on asset segregation and stablecoins, both key issues for the industry.

Guilherme Nazar, Head of Latin America for the platform, commented: “This approval marks a major milestone in our ongoing commitment to expanding our products and services in Brazil. It underscores our dedication to compliance and regulatory excellence, while enhancing our ability to deliver secure and innovative financial solutions to our growing user base in the country.”

Continuous Global Regulatory Expansion

The exchange’s registration in Brazil follows recent regulatory progress in countries such as Argentina, India, Kazakhstan, and Indonesia. This momentum reflects the platform’s sustained global growth and adds to licenses, registrations, and authorizations previously secured in jurisdictions including Dubai, France, Japan, El Salvador, and others.

Consistent with its global standards, the company’s compliance program features robust anti-money laundering (AML) policies and controls, along with a comprehensive framework for countering terrorist financing (CFT). Key elements also include stringent identity verification processes (Know Your Customer and Know Your Business—KYC and KYB) and an industry-leading Financial Crime Compliance (FCC) unit, designed to support law enforcement in investigating crypto-related crimes and building capacity, further strengthening collaborative ecosystem security.

The company has also expanded its global compliance team by 34% to 645 full-time employees, including strategic senior executive hires. The platform now employs over 1,000 compliance professionals and contractors, ensuring ample resources to support responsible growth of the crypto ecosystem.

Conclusion: Regulated Presence in Brazil

Obtaining regulatory authorization in Brazil is a key step for this exchange in its global expansion and compliance strategy. As the first cryptocurrency exchange to hold a brokerage license in Brazil, the company demonstrates steadfast commitment to the highest standards of security, transparency, and regulatory integrity. This 21st global regulatory milestone not only consolidates the platform’s position as one of the most licensed exchanges worldwide, but also signals its long-term vision of fostering responsible and sustainable crypto adoption in Brazil.

With a regulated presence now established in Brazil and a strong, growing compliance team, the exchange is well positioned to lead the industry forward, offering secure, reliable, and innovative digital asset solutions to users in Brazil and around the world, while actively collaborating with regulators and authorities to strengthen Brazil’s crypto ecosystem.

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