KuCoin Integrates Pix for Cryptocurrency Payments in Brazil

KuCoin Expands into Brazil via Pix Integration

KuCoin, a leading cryptocurrency exchange, has partnered with Pix, an instant payment platform by the Central Bank of Brazil.
This integration allows Brazilians to use over 50 cryptocurrencies at merchants accepting Pix QR codes.
The initiative aims to enhance crypto accessibility and bridge digital assets with everyday usage.
Approximately 26 million Brazilians (12% of the population) currently hold or use crypto assets.
Brazil's Finance Ministry is considering applying the IOF tax on cross-border crypto transactions, currently classified as forex but not taxed.

Recent KuCoin Developments

KuCoin recently signed an MoU with Vietnam VBA and 1Matrix to advance blockchain infrastructure in Vietnam.
In Switzerland, KuCoin Pay is available in over 100 SPAR supermarkets for crypto payments without gas fees, facilitated by DFX.swiss.