Binance pulled 22 tokens from trading for users in Brazil today. On CoinGecko's numbers they are worth about $5.27B combined, and Ethena's USDe alone is $4.58B of that, roughly 87%.
The other 21 come to about $690M. Decred is the biggest at around $252M, then Dusk, Theta Fuel, Ontology, Verge and Zilliqa. TerraClassicUSD is on the list as well. Nothing gets sold for you. Balances stay in the account and can still be withdrawn.
Eight products stopped taking new positions today too, including Loans, Margin, Launchpool, Megadrop, HODLer Airdrops and Alpha 2.0. Existing loans can only be repaid. Open margin positions stay for now, with no closing date set.
This is Binance lining up with the central bank's new crypto rules. It filed for a license on Oct 23 through a new local company, BBrasil. A filing is not approval.
The dates for Brazil-based users: accounts move to a local payment account by Oct 29, the license filing window for existing firms closes Oct 30, and from Nov 1 every international deposit or withdrawal needs a stated purpose and counterparty details, or it sits pending.
$USDE $DCR
#Binance #Brazil
NFA. DYOR.
The other 21 come to about $690M. Decred is the biggest at around $252M, then Dusk, Theta Fuel, Ontology, Verge and Zilliqa. TerraClassicUSD is on the list as well. Nothing gets sold for you. Balances stay in the account and can still be withdrawn.
Eight products stopped taking new positions today too, including Loans, Margin, Launchpool, Megadrop, HODLer Airdrops and Alpha 2.0. Existing loans can only be repaid. Open margin positions stay for now, with no closing date set.
This is Binance lining up with the central bank's new crypto rules. It filed for a license on Oct 23 through a new local company, BBrasil. A filing is not approval.
The dates for Brazil-based users: accounts move to a local payment account by Oct 29, the license filing window for existing firms closes Oct 30, and from Nov 1 every international deposit or withdrawal needs a stated purpose and counterparty details, or it sits pending.
$USDE $DCR
#Binance #Brazil
NFA. DYOR.
