According to Brazilian media outlet Portal do Bitcoin, Ailton de Aquino Santos, the Director General of Supervision at the Central Bank of Brazil, stated that approximately 30% of applications for crypto asset servicer licenses have registered capital that does not meet regulatory requirements, and a large number of applicants have failed to submit audited financial statements. The Central Bank of Brazil previously announced 120 crypto license applications, of which 119 are still under review and one has been rejected. Under the new regulations, the minimum capital requirement for crypto trading and intermediary service providers is 37.2 million reais (approximately US$7 million). Currently, the regulator has not disclosed a list of non-compliant companies, and the 30% non-compliance rate does not necessarily mean that the same percentage of applications will ultimately be rejected. https://wublock123.com/news/brazil-central-bank-30-percent-crypto-licence-applicants-under-capital-audit-missing-71796