KuCoin Becomes the First Crypto Exchange to Support BRL Transfers via PIX after New Central Bank Policy – QNT Press Release

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The global cryptocurrency exchange KuCoin today announced that it has become the first major exchange to support Brazilian Real (BRL) deposits and withdrawals following a recent policy change made by the Central Bank of Brazil.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220618005044/en/

To ensure fiat to crypto transactions are secure and comply with regulations, the Central Bank of Brazil has imposed a deadline to update users’ identity verification process to use BRL payment services. Exchanges that failed to meet the new KYC (Know Your Customer) requirement will have to terminate BRL…

Full story available on Benzinga.com

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