Crypto platform Lemon exits Brazil, citing Central Bank regulations

Argentine-based crypto platform Lemon has announced it will cease operations in Brazil, attributing the decision to new regulatory requirements imposed by the Central Bank. The company stated that these rules do not support the development of products in the sector. Users can no longer add funds to the platform, the Lemon Card will stop functioning on September 30, and Brazilian accounts will be automatically closed on October 16. The exit does not affect operations in Argentina, Colombia, or Peru.