Brazil’s central bank is tightening authorization reviews and regulation for virtual-asset service providers, prompting major changes among local crypto platforms. Digitra withdrew its PSAV authorization application and fully halted trading services on September 8. Coinext decided to end services after failing to meet the central bank’s minimum capital requirement. Bitso plans to transfer its Brazilian retail trading business to Mercado Bitcoin while retaining its institutional operations. Existing platforms must submit PSAV authorization applications before the end-of-October deadline to continue operating compliantly in Brazil, Cryptonoticas reported.