Argentine crypto app Lemon said it will close all of its local operations in Brazil, citing capital requirements set by Brazil’s central bank for virtual asset service providers that it said are disproportionate to the scale of its business in the country. User accounts are scheduled to be closed on Oct. 16, 2026. Lemon is a fintech company that offers crypto trading and Visa card services. The update was carried by Techub News, citing CoinGape. No additional details on customer transition arrangements or the scope of the shutdown were provided in the source text.
Argentine crypto app Lemon said it will shut down all of its local operations in Brazil.
The company said the move was driven by capital requirements imposed by Brazil’s central bank on virtual asset service providers, which it described as disproportionate to the size of its Brazil business.
User accounts will be closed on Oct. 16, 2026.
Lemon is a fintech company that offers crypto trading and Visa card services.
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