.Binance resumed deposits in Brazilian reals via the Pix system on Tuesday, following a partnership with local payments platform Latam Gateway. The exchange said withdrawals would be available shortly. oalvespaulo reports
Global crypto exchange Binance resumed deposits in Brazilian reals through the government's payment system Pix on Tuesday.
Brazilian reals’ withdrawals via Pix are still suspended and should resume “shortly,” Binance told CoinDesk in a statement.through Pix after it terminated a partnership with the local payment gateway Capitual, which had operated Binance’s deposits and withdrawals via Pix since 2020. Replacing Capitual, Binance is now operating with the Brazilian payments platform Latam Gateway, which uses the bank accounts hosted by BS2, a bank licensed by the Central Bank of Brazil to access the Pix network.When it severed the relationship, Binance said it would take legal action against Capitual, without providing further details, while Capitual stated that it would sue Binance because it had failed to comply with a BC regulation requiring the exchange to single out user accounts.
In a statement, Binance said that Capitual's “actions conflict with its values,” and assured that it “has taken all necessary and appropriate measures in relation to Capitual to protect users and their resources and ensure that they are not adversely affected by the change” of payment provider.
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