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      Argentine crypto exchange Lemon exits Brazil, citing excessive regulatory capital requirements

      PANews reported on September 19 that Argentine crypto exchange Lemon announced it will cease local operations due to excessive regulatory capital requirements in Brazil. The platform will discontinue its Lemon Card service on September 30 and automatically close all Brazilian accounts on October 16. Lemon said that applying for the crypto business license required by Brazil's central bank would require locking up a large amount of capital, which is disproportionate to the scale of its local business, so it decided to exit.


      Source: PANews
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