KuCoin supports BRL deposits and withdrawals

Tuesday 21 June 2022 14:30 CET | News

KuCoin, an international cryptocurrency exchange, has started supporting Brazilian Real (BRL) deposits and withdrawals.

This comes after the Central Bank of Brazil’s recent policy change, which has imposed a deadline for exchanges to update their user verification processes to comply with international regulations regarding fiat-to-crypto transactions.

The move is largely supported by KuCoin's partnership with a local payment gateway named Capitual, which presents itself as a hybrid bank, merging finance and technology.

The company is looking to host an airdrop, where they will be offering a welcome bonus to all new Brazilian users.

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Keywords: cryptocurrency exchange, transactions , payment processing, payment gateway
Categories: DeFi & Crypto & Web3
Companies: KuCoin
Countries: Brazil
This article is part of category

DeFi & Crypto & Web3


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