#BrazilCentralBankRaisesVASPCapitalRequirements 🇧🇷💰
​Brazil's Central Bank has significantly raised capital requirements for Virtual Asset Service Providers (VASPs), pushing minimum limits to R10.8M–R37.2M ($2.1M–$7.2M). Existing crypto exchanges must apply by October 30 or shut down. Expect major market consolidation as smaller platforms exit! 📉🚨
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