Brazilian bitcoin broker closes activities due to “lack of regulation” and new competitors

Charlie Taylor

For more than 4 years, Braziliex has offered cryptocurrency buying and selling services to the Brazilian market, however, this afternoon (05/24) it was announced that it will be closed. With the total of 6 bitcoins traded today, or about R $ 1.2 million, Braziliex, which was once one of the largest volume exchanges in the country, is currently 16th, behind YouBtrade, PagCripto, UpC Exchange, Foxbit, Bitcoin Market, NovaDAX and several other brokers, many of them newer. And perhaps the intensification of the dispute for the national market was one of the reasons for the closure of activities. said the broker in an official statement.Pizza Day FoxbitRegulatory uncertainties were also pointed out as one of the reasons for the closing of the deal.

Closing and schedule

The funds are safe, according to the statement; The brokerage asks that customers withdraw funds as soon as possible and released a schedule, which ends on 06/25 with the complete closure of activities. According to the schedule below:May 24 – Monday– Closures of new registrations and deposits of reais and crypto
– Withdrawal in reais will be charged only at a fixed rate of R $ 9.00
– In the case of crypto withdrawals, network fees will normally be chargedMay 25 – Tuesday– Gateway service shutdownsMay 28 – Friday– Closure of negotiations
– Closure of public and private APIsJune 18 – Friday– Last day for withdrawalsJune 25 – Friday– Delisting of all cryptocurrencies
– End of activities “We ask our customers to make the withdrawal as soon as possible. And if there is any doubt, we are available in the Online Service, from Monday to Friday, from 8 am to 5 pm, until 06/25. Or by Support, available at the bottom of the site. ”

Click to rate this post!
[Total: 0 Average: 0]
Next Post

Will Tesla accept bitcoin again? Elon Musk meets with Michael Saylor and miners

After being named as one of the causes of the drop in the price of bitcoin, Elon Musk returned to comment on the energy expenditure of bitcoin, but now in a positive way. He revealed this Monday afternoon (24) that he met with miners Americans on the use of renewable […]

Subscribe US Now