Nubank, a major crypto bank in Latin America supported by Warren Buffet's Berkshire Hathaway, has halted trading for its native cryptocurrency Nucoin, which has plummeted by over 97% in the past year. The bank introduced Nucoin on the Polygon blockchain in October 2022, but has now ceased trading after almost two years. Customers holding at least 10 reals worth of Nucoins have until December 9 to convert them to Bitcoin or USDC stablecoin. Failure to do so will result in the cryptocurrencies being retained for future rewards. Nubank cited market volatility concerns for the sudden trading suspension. The bank, which began offering crypto services in May 2022, has partnered with Paxos to facilitate cryptocurrency transactions. Despite challenges, fintech firms are driving a financial inclusion revolution in regions like Latin America, Asia, and Africa, aiming to rebuild consumer trust through regulatory amendments and company efforts. Read more AI-generated news on: https://app.chaingpt.org/news

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