Legislators in Brazil have gotten support to regulate the crypto market following allegations of fraud at Atlas Quantum, Zero10, and Trader Group last year, and February saw some of the results of those actions. .com has reported that two major cryptocurrency exchanges based in the South American nation have been shut down following threats of heavy fines and the immediate effects of the regulations.
Acesso Bitcoin was one of the exchanges to voluntarily close their doors. Cofounder Pedro Nunes was quoted by crypto news outlet Portal do Bitcoin as saying:
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