Nubank and Mercado Pago Suspend Crypto Services Amid External Security Issues

According to Bloomberg, Nubank suspended cryptocurrency deposits and withdrawals in Brazil on November 7 due to issues with an external service provider. Other crypto asset products remain operational.

Mercado Pago, a digital finance platform controlled by Mercado Libre Inc., also restricted crypto asset transfers following a security incident at a third-party institution providing risk monitoring and anti-money laundering services. The company blocked certain transfers to external wallets as a precautionary measure.

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