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Binance Suspends Transactions and Partnership in Brazil

Binance Suspends Transactions and Partnership in Brazil

  • Binance halts deposits and withdrawals in Brazil.
  • The decision follows the central bank policies of the government.
  • Binance also suspends partnerships with the country’s payment system.

Binance halts deposits and withdrawals in Brazil, following central bank policies. The global cryptocurrency exchange has suspended deposits and withdrawals in the Brazilian Real. Binance has also stopped its collaboration with Pix, the Brazilian government’s payment system.

The exchange has also suspended its agreement with the regional payment gateway Capitual, which had been in place for a year and eight months. A blog post released by Binance states that the financial policies of the country’s central bank caused the exchange to move forward with such a decision.

Binance told users that deposits using Pix are experiencing volatility as a result of a regulatory change by the Central Bank of Brazil (BC), but did not provide any other information. Withdrawals and deposits made using Pix might take up to 72 hours to settle, according to Binance. Users may still conduct peer-to-peer deposits and withdrawals, according to the exchange.

Binance today announces that it will switch from its current payments partner in Brazil to provide a better solution for customers while driving the acquisition process.

Binance has not yet declared the exact policies that are affecting the exchange. The suspension of Binance’s service reportedly comes as a result of Pix providers’ failure to comply with Know Your Customer (KYC) criteria imposed by the Brazilian banking regulators.

The exchange is still looking to find the best alternative to replace Capitual. It also wrote that it would replace Capitual with a local payment provider with extensive experience. It also added that the announcement would be made soon.

Jeff Brainbyte Unleashes His New “Sunny Side Pup Club” NFTs

The latest reports confirm that Jeff Brainbyte, a highly experienced creator, has successfully launched his first non-fungible tokens (NFTs). The new NFT collections feature animated series on YouTube. In a July 4 official site publication, Jeff Brainbyte confirmed the launching of his new digital collectibles dubbed “Sunny Side Pup Club NFTs. These digital collectibles feature::Listen

The latest reports confirm that Jeff Brainbyte, a highly experienced creator, has successfully launched his first non-fungible tokens (NFTs). The new NFT collections feature animated series on YouTube.

In a July 4 official site publication, Jeff Brainbyte confirmed the launching of his new digital collectibles dubbed “Sunny Side Pup Club NFTs. These digital collectibles feature 111 limited collectibles available during the Genesis phase.

Brainbyte has created a 3D science-fiction Metaverse gameplay that will allow holders to plug their NFTs and become part of the rich role.  NFT holders will have a chance to acquire real estate in the 3D Metaverse.

Brainbyte’s NFTs Overview

Brainbyte’s project features 5K NFTs with 100 super rare 1 of 1 randomly scattered collections on the Ethereum mainnet. According to the publication, the first phases of the pup NFTs will sell at 0.4 Ethereum.

The new NFTs aim to improve lives, with the project focusing on various initiatives, such as social justice, among other humanitarian utilities. Brainbyte outlined that 50% of proceeds from the NFT sale will go to live in war-torn countries, including Ukraine, among other vulnerable areas across Africa.

Moreover, the NFTs project also aims at supporting other parts of the world lacking humane living conditions, such as poor healthcare, low food supply, and clean water. Brainbyte intends to improve the world through the Sunny Side Pup Club NFTs, among other projects yet to launch, including DemonGirlz.

DemonGirlz is an artwork created by a 13-year-old girl to help her mother, who got stricken with multiple sclerosis before she died 20 years ago. The highly anticipated project will benefit all women globally.

Brainbyte, the creator of the Sunny Side Club, is an early tech adopter with more than 30 years of experience in film, television music, and games. He created his first digital fine art in 1994, including Hempwork, the first cannabis digital fine art ever created, available on OpenSea as an NFT. In addition, he also plans to offer 26 more collections.

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Binance Suspends Transactions and Partnership in Brazil

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