Binance to Remove 22 Tokens and Restrict Eight Services in Brazil
Binance is preparing significant changes to its operations in Brazil as new Central Bank regulations approach, including the removal of trading for 22 cryptocurrencies and restrictions on eight services, according to BSCN.
The changes are scheduled to begin on October 27, when residents of Brazil will no longer be able to trade 22 tokens on the platform. The affected assets include Ethena's USDe ($USDe), TerraClassicUSD ($USTC), DUSK ($DUSK) and MANTRA ($MANTRA).
The measures form part of a broader adjustment to Binance's services in the Brazilian market ahead of the regulatory deadline. In addition to the trading changes, the exchange will restrict eight services, including margin trading, crypto loans and cloud mining.
Margin Trading Restrictions
Users who already hold valid margin accounts will be allowed to retain them under the announced changes. However, they will no longer be permitted to open new margin positions.
The distinction means existing eligible margin accounts will not automatically be eliminated, but the ability to establish additional positions will be restricted. BSCN's report did not identify all eight services affected by the changes, beyond naming margin trading, crypto loans and cloud mining.
Brazilian Wallets to Move to Local Entity
Binance is also preparing an operational change involving Brazilian users' wallets. The wallets are scheduled to transition to the local entity of the Binance group by October 29, two days after the trading restrictions are due to begin.
The October 27 and October 29 dates mark separate stages of the planned changes: the first covers the trading and service restrictions, while the second is the deadline for moving Brazilian wallets to the group's local entity.
The changes come ahead of the implementation of new Central Bank regulations in Brazil. BSCN reported the planned adjustments but did not provide further details about the specific regulatory provisions or identify the complete list of 22 affected tokens and all eight restricted services.
Binance's announced timeline therefore centers on October 27 for the trading and service changes and October 29 for the transition of Brazilian wallets to the group's local entity.
Writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
Check out other news and articles on Google News
Disclaimer:
The articles on Hokanews are here to keep you updated on the latest buzz in crypto, tech, and beyond—but they’re not financial advice. We’re sharing info, trends, and insights, not telling you to buy, sell, or invest. Always do your own homework before making any money moves.
Hokanews isn’t responsible for any losses, gains, or chaos that might happen if you act on what you read here. Investment decisions should come from your own research—and, ideally, guidance from a qualified financial advisor. Remember: crypto and tech move fast, info changes in a blink, and while we aim for accuracy, we can’t promise it’s 100% complete or up-to-date.