ABCripto announces new member after leaving two exchanges

Charlie Taylor

After the controversies surrounding the complaints against Binance, two exchanges left the Brazilian Cryptocurrency Association (ABCripto). Now, a new member, the Bitblue broker, joins the organization. See the announcement:

The Brazilian Association of Cryptoeconomics (ABCripto) enthusiastically welcomes and welcomes BitBlue as a new member.

“In line with the Association's purposes and values, BitBlue will jointly contribute to the improvement of the Sector and the strengthening of an increasingly solid and secure business environment. We are together and, together, we are stronger. “After the controversies surrounding Binance's alleged irregular performance in Brazil, Rippio and Bitpreço decided to leave the organization. According to Ney Pimenta, Bitpreço's CEO:

Our business model demands neutrality, without which we would not be able to serve our partners and customers well. Therefore, to avoid bias, BitPreço has joined ABCripto.

In a statement, Rippio said that the decision was taken by the company's Argentine headquarters:

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(…) The association's stance, in this case, is different from the more inclusive vision of Ripio, which should seek a framework that is inclusive for different fronts of activity in the sector and allows the performance of global companies that work seriously and look at Brazil with a long-term vision.

After the conflicts over Brazilian exchanges, Binance was reportedly being investigated for similar reasons in the United States. The allegations mainly point to the fact that the company offered certain financial products, in particular derivatives, without the proper authorization from the regulators.Read more: Binance is under investigation in the USA says Bloomberg, BNB plummets

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