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Binance Ordered to Halt Offering Derivatives Trading in Brazil

The order is the regulator’s first public stance on cryptocurrency derivatives trading.

Updated Sep 14, 2021, 9:00 a.m. Published Jul 6, 2020, 8:50 p.m.
Brazilian law treats all derivatives products as securities, no matter the underlying asset. (Danny Nelson/CoinDesk, altered with PhotoMoosh)
Brazilian law treats all derivatives products as securities, no matter the underlying asset. (Danny Nelson/CoinDesk, altered with PhotoMoosh)