Strict Capital Rules Trigger Mass Exit of Brazil Crypto Firms

Brazil Crypto Exchange Capital Rules Take Effect: Up to $7.2M

Brazil's new capital rules for crypto exchanges have taken effect, with requirements reaching up to $7. 2 million, establishing a financial-strength threshold for firms operating in Latin America's largest crypto market.Read more...

Strict Capital Rules Trigger Mass Exit of Brazil Crypto Firms

Out of the estimated 200 to 300 crypto companies now operating in Brazil, only 10 would have the structure and funding to satisfy the new rules established by the central bank, which establish capital requirements of up to 37.2 million reais, nearly $7.2 million, in some cases. Brazilian Crypto...