According to a report by CriptoNoticias, the Argentine crypto exchange Lemon announced that, due to excessive capital requirements imposed by Brazilian regulators, it will stop its local operations. On September 30, Lemon Card will be disabled, and on October 16, all Brazilian accounts will be automatically closed. The company said that obtaining a crypto operating license from the Central Bank of Brazil requires locking up a large amount of capital, which is disproportionate to the scale of its local business. Therefore, it decided to exit. Lemon said it will wind down operations in an orderly manner, notify users in advance, and provide assistance.