Binance to Block Brazil Cross-Border Crypto Transfers

The post Binance to Block Brazil Cross-Border Crypto Transfers appeared first on Coinpedia Fintech News

Binance will ask Brazilian users to provide the purpose and recipient details for cross-border crypto transfers from Nov. 1. Users must complete the details before making withdrawals. Deposits may be held or returned if the information is missing. Transfers between Brazilian users are not affected. Binance will report these transactions monthly to Brazil’s central bank. …