Overview
- The integration is live, letting Brazilians convert and spend more than 50 cryptocurrencies via Pix QR payments.
- Users can also move crypto-converted BRL from KuCoin accounts directly to any Brazilian bank.
- KuCoin says the service runs on KYC-aligned, regulatory-compliant infrastructure designed for secure transactions.
- Pix, operated by Brazil’s central bank, supports 24/7 instant transfers and counts over 175 million users nationwide.
- Brazil’s Finance Ministry is reviewing IOF tax treatment for cross-border digital-asset transfers, while the central bank classifies such operations as forex not currently subject to IOF.