[Only About 40 Crypto Companies in Brazil Submitted License Applications Before Deadline] According to a report by Livecoins citing local sources on November 2nd, the application period for Virtual Asset Service Provider (VASP) licenses set by the Central Bank of Brazil ended on October 30th. It was expected that 150 to 200 companies would participate, but only about 40 actually submitted applications, including large institutions such as Binance and Itaú. Companies that have already applied can continue operating during the Central Bank's review period. Companies that have not applied must exit the market in an orderly manner within one month of the deadline. The Central Bank's response period for new applications can be up to two years.