I just read that some Brazilian exchanges are pressing charges against Binance, saying it is operating illegally in Brazil. I hope it doesn't harm people who are investing with Binance in the country.
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It's possible. I think the inflation in Brazil is really crazy and they need people to continue using their money. If putting pressure against crypto can do so, they will. However do so will only prolong the currency and doesn't solve the underlying issue.
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I think all they can do is to talk, it would not affect those holding Binance
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it will to an extent,because it means that binance might have to stop running services to the people from that country....
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I hope it doesn't come to that...
Binance itself doesn't seem to be too worried about it, at least for now... they just hired some big shot from another crypto firm to run their operations in the country so I guess they are not backing down just yet
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