Binance to Restrict 8 Services and Delist 22 Tokens in Brazil

The product restrictions are regulatory changes, while existing token balances will remain in customer accounts after the delisting. Binance will restrict eight products and services and delist 22 tokens for users in Brazil from October 27 as it restructures its local operations to comply with Central Bank regulations. The changes also move customers’ Brazilian-real operations to a locally authorized payment account, while new reporting requirements for international crypto transfers take effect on November 1. Binance Sets October 27 Deadline for Product Restrictions In an announcement published on October 8, Binance Brasil explained that customers in Brazil will have individual payment accounts with Binance Brasil Corretora de Câmbio e Valores Mobiliários SA by October 29. Virtual asset services will be provided by BBrasil Sociedade Prestadora de Serviços de Ativos Virtuais Ltda., another company in the Binance Group. The exchange listed eight services that will be restricted from October 27: Loans, Binance Pool. Cloud Mining, Margin, Launchpool, Megadrop, HODLer Airdrops and Alpha 2.0. Users with existing positions in affected products will generally be able to close or reduce th...