# Bybit Applies for Brazilian VASP License as Local Plans Advance By Riza Dagoc Canonical URL: https://www.tokenpost.com/news/regulation/38641 Published: 2026-10-23T03:33:56.000Z Updated: 2026-10-23T03:33:56.000Z Section: Regulation > The company has a São Paulo-based leadership team and secured six licenses in 2026. Bybit has applied to the Central Bank of Brazil for authorization to operate as a virtual asset service provider, adding a formal licensing step as it builds its local presence. The company has a local entity in Brazil. Its local leadership team covers legal, compliance and finance and is based in São Paulo. After securing six licenses in 2026, Bybit [outlined plans for further approvals](), including MiFID-related licenses in the European Union and additional approvals in Brazil, Turkey and Hong Kong. Crypto businesses must obtain a license from the Central Bank of Brazil to operate in the country, a requirement relevant to Bybit's application to provide virtual asset services. ## Links in this article - [outlined plans for further approvals](https://www.tokenpost.com/news/business/30939)