Crypto.com closes real-denominated account amid Brazil central bank tightening
- —The BRL account closes on October 25, 2026, with new real-denominated transactions banned
- —Real balances will be automatically converted to USDC at the market rate
- —Brazil's central bank requires capital of R$10.8 million to R$37.2 million and an application by the end of October
- —Crypto.com is the fifth exchange to scale back its presence in Brazil in a few months
Why it matters: A major exchange's exit from Brazil shows how local capital and licensing requirements are pushing international platforms out of the market.
Source: BeInCrypto BR