Binance withholds deposits in Brazil, requires proof of source of funds
- —Binance users in Brazil must fill out a traceability form to unlock deposits
- —The measure follows increased regulatory pressure on crypto exchanges in the country
- —Binance previously introduced mandatory disclosures for international crypto transfers in Brazil
Why it matters: Tighter controls on exchange-held funds in Brazil could slow capital inflows and complicate trading for local users.
Source: CriptoNoticias