OKX launches crypto exchange, wallet services in Brazil

On Nov. 27, the company said it is focusing on providing an entrance to decentralized finance (DeFi) and crypto trading with Brazilian genuine fiat-on ramp capabilities. Guilherme Sacamone, the general manager of OKX Brazil, commented that the Brazilian market has “massive capacity” to lead in crypto adoption and DeFi.” Brazil is one of 47 nations– and one of just 2 South American nations– promising to authorize the Crypto-Asset Reporting Framework by 2027 in cooperation with the Organisation for Economic Cooperation and Development.Magazine: This is your brain on crypto: Substance abuse grows among crypto traders