Binance Sets Brazil Restrictions on Eight Services and 22 Crypto Assets

Binance has scheduled new limits for Brazilian customers to begin Oct. 27, covering eight services and trading in 22 crypto assets as Brazil's authorization deadline for existing virtual-asset providers nears. The affected services include Binance Loans, Binance Pool, Cloud Mining, margin trading, Launchpool, Megadrop, HODLer Airdrops and Alpha 2.0. Customers may withdraw or reinvest remaining balances in the 22 affected assets. Under the plan, users will be unable to open new margin orders, transfer funds or take additional loans from Oct. 27. Existing margin positions may remain open, and Binance has set no mandatory closing date for them.