PANews|Sep 19, 2026 02:49
[Argentine Crypto Exchange Lemon Announces Exit from Brazilian Market Due to High Regulatory Capital Requirements]
Argentine crypto exchange Lemon has announced that it will cease operations in Brazil due to excessively high regulatory capital requirements. The platform will discontinue its Lemon Card service on September 30 and will automatically close all Brazilian accounts on October 16. Lemon stated that applying for the crypto business license required by the Central Bank of Brazil would necessitate locking up a significant amount of capital, which is disproportionate to the scale of its local operations, leading to the decision to exit.
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink