Key Takeaways Brazil’s strict central bank rules could force 290 of 300 crypto exchanges to exit the market. High capital demands up to $7.2M are pricing out smaller platforms, driving a wave of market exits. Crypto firms must apply by Oct 30 or shut down, consolidating the market while slowing innovation. Brazilian Crypto Market Expected To Consolidate After New Capital Rules Go Into Effect The Brazilian crypto industry is on the verge of a profound transformation, as most exchanges and crypto institutions are expected to exit the market. Analysts say the new capital requirements and auditing procedures would decimate providers …