TREE NEWS update: Mercado Bitcoin will resume cash deposits and withdrawals through Brazil’s instant payment system starting next week, the exchange said, after a $49 million hack. Crypto transfers remain suspended. The Brazilian exchange is restoring fiat rails first while digital-asset withdrawals stay on hold.
Mercado Bitcoin to resume cash withdrawals after $49M hack
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AI take
Restoring fiat rails before crypto transfers suggests the exchange is prioritizing customer liquidity confidence over asset mobility, a sequencing choice that matters for how depositors read the recovery. The distinction also matters for the broader Brazilian market, where a major local venue's operational credibility is now tied to how quickly digital-asset withdrawals follow. Whether the crypto suspension stays brief, and how fiat-only access affects user behavior in the interim, is the open question.
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