Binance Restricts 8 Services and Delists 22 Tokens in Brazil Under New Central Bank Rules

When Brazilian traders opened Binance on the morning of October 27, the app they had used for years looked almost the same. Yet a long list of products had already stopped working for them. Loans, pooled mining, cloud mining, margin, and the launchpad-style reward programs that once funnelled new tokens into their wallets were gone, and twenty-two cryptocurrencies were no longer tradeable against the Brazilian real. What read as a sudden cut was really the end of a process Binance began nearly three weeks earlier, when it warned users that Brazil’s central bank had rewritten the rules for who may…