South American crypto market loses another player, Novadax exits, Bitnuvem just left, how high are the compliance costs in Brazil?

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CoinNetwork
Crypto news, according to livecoins, Brazilian crypto exchange Novadax announced the end of its operations in the region after a strategic review by its holding group.
Since June 8, Novadax has ceased new user registrations, order book buy orders, agency mode, staking services, and lending services.
Brazilian real and crypto asset deposits are open until June 12, order book sell orders are open until June 30, and withdrawals and historical data queries remain available temporarily.
The report states that last week, Brazilian exchange Bitnuvem also announced the end of its local operations.
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