Argentine crypto exchange Lemon is ceasing operations in Brazil, citing excessive regulatory capital requirements mandated by the country's central bank. The company stated that obtaining the required crypto business license would necessitate locking up capital disproportionate to its local business scale. Lemon will discontinue its Lemon Card service on September 30 and automatically close all Brazilian user accounts on October 16. The exit highlights the growing compliance burden for foreign crypto firms operating in Brazil's increasingly regulated digital asset market.