Binance Cuts 8 Services, Delists 22 Tokens in Brazil as License Deadline Nears
Photo: TheCoinrise
The exchange moves to comply with Brazil's central bank rules while filing for a local crypto license ahead of a Friday deadline. Binance has scaled back its operations in Brazil, restricting eight services and delisting 22 tokens for local users, BlockchainReporter reported. The changes come as the exchange works to align its business with rules set by Brazil's central bank governing digital asset activity. The move reflects a broader shift underway in Brazil, where regulators have moved to bring crypto exchanges under a formal licensing regime.
Also reported by Blockchain Reporter.
Source: TheCoinrise
