[Coinbase Applies for Crypto Service License in Brazil, Says Existing Services Don't Need to Suspend] According to Odaily, cryptocurrency exchange Coinbase has submitted an application to the Central Bank of Brazil for a license to operate as a crypto asset service provider, ahead of the country's October 30th application deadline. Coinbase stated that it expects its existing services will not need to be suspended during the regulatory review process, and the application aims to meet new Brazilian regulations and maintain local operations. The new Brazilian regulations cover governance, customer asset protection, and compliance requirements. Coinbase also reiterated its plan to advance its "Everything Exchange" strategy in Brazil, potentially expanding beyond crypto services to include foreign exchange and payment businesses, which will require separate regulatory approvals. (Cointelegraph)