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#Brazil

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Why Binance Is Removing 8 Services and 22 Tokens in Brazil
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Why Binance Is Removing 8 Services and 22 Tokens in Brazil

Key Highlights: Binance will halt eight services—including margin trading, loans, and Launchpool—and delist 22 tokens for Brazilian residents starting October 27. Eligible Brazilian users are transitioning to local regulated entities, utilizing Binance Brasil Corretora de Câmbio e Valores Mobiliários SA for fiat transactions by October 29. New regulatory requirements enforced by the Central Bank of ...

Binance Introduces Mandatory Disclosures for Cross-Border Crypto Transfers in Brazil
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Binance Introduces Mandatory Disclosures for Cross-Border Crypto Transfers in Brazil

Key Highlights Binance has implemented reporting rules and transaction caps for non-resident cross-border crypto transfers to comply with Brazil’s foreign exchange framework. Users must declare transaction purposes, verify counterparty identities, and adhere to a $100,000 per-transaction cap for unauthorized foreign exchange counterparties, extendable to $500,000 upon advance notice. Binance clarified the measures are not part ...