Lemon Exits Brazil over Crypto Licensing Costs

Lemon exits Brazil over crypto licensing costs

Lemon has decided to close its Brazilian operations and terminate about 15,000 local accounts after finding the country’s new crypto licensing capital requirements too costly for its business. Lemon said Brazil’s new capital requirements were “disproportionate” to the size of…

Lemon Exits Brazil As Licensing Capital Rules Reshape Crypto Market

Lemon says Brazil's PSAV licensing capital rules are too costly, closing its operations by October 16, 2026 and redirecting funds toward Argentina, Peru, and Colombia.

Lemon Exits Brazil Over Rising Crypto Licensing Costs

Lemon will shut down its Brazilian operations and close roughly 15,000 local accounts after determining that the new crypto licensing capital requirements are too expensive for the company to meet. Lemon described Brazil’s new capital requirements as “disproportionate” to the scale of its local operations, leading the Argentine crypto app to exit the market instead […]

Lemon Pulls Out of Brazil as Crypto Licensing Costs Bite

Lemon crypto Brazil exit: Argentine app shuts 15,000 accounts by Oct. 16 after Brazil PSAV crypto licensing requirements prove too costly for its operations.