According to CoinMeta, Binance submitted an application for a cryptocurrency service provider license to the Central Bank of Brazil through its entity bbrasil, and adjusted its services for Brazilian users by restricting cryptocurrency lending and margin trading. At the same time, Binance removed 22 crypto assets from its platform. Thiago Sarandy, the general manager of Binance Brazil, stated that the company hopes to continue to engage in dialogue with the Central Bank of Brazil in order to potentially resume some products that were suspended due to compliance requirements in the future.