According to CoinMeta, as reported by bitcoin and news, as of the application deadline set by the Brazilian Central Bank on October 30th, among the estimated 150 to 200 cryptocurrency companies, only about 40 have applied to continue operating in Brazil, including Binance and Ita. Companies that have submitted their applications can continue operating during the review period, while those that have not must cease their business and withdraw from the market within one month after the deadline expires. Starting from November 6th, banks and payment service providers will not be allowed to process transactions for virtual asset service providers outside of the regulatory framework.