itau

By October 30, all Brazilian banks already trading crypto have to register with the Central Bank under Resolution 520—they were given 270 days to do so.

Itaú applied on October 27 and, according to Valor Econômico, became the first bank to complete the process. Sounds big, but:
— Itaú has been selling crypto since December 2023 through its Íon platform
— It already offers 15 assets, including BTC, ETH, and USDC
— This is a notice of independent technical certification, not a new license.

So “first” here means first for a day or two. Everyone already trading crypto will soon rush to apply, and Itaú is simply at the front of the line. The news isn’t about Itaú, but about who won’t be in that line.

$BTC
I don’t hold any myself right now; I’m interested in how the process works.

I’m watching to see how many banks make it by October 30, and who goes quiet, gg.

#Itau #Brazil

Itaú participates in a tokenization pilot in Brazil with OpenAssets

- Itaú Bank will test tokenized fixed-income securities and investment funds.
- This is part of a pilot program led by ANBIMA across the industry.
- The initiative aims to explore the potential of asset tokenization in Brazil’s financial sector.

#BinanceSquare #CryptoNews #Tokenization #Brazil #Itau

$btc $eth

vlikevn Titanbot

Source: CoinTelegraph

Congratulations #itau e your wonderful analysts are worse than the Instagram gurus or the pseudo-analysts from Square! 🤣 Perfect timing to buy #btc before the dip and sell before the rise. 🤣👌
For the fourth consecutive cycle, getting the forecasts wrong in reverse. Not to mention the wrong projections of #b3 with the crypto—didn’t do any better. 🙃 Sharp people, those!👌

⛏️💎 ITAÚ IN CRYPTO MINING😎👌🔥 LATIN AMERICA'S BIGGEST BANK IS NOW PART OF THE ₿ITCOIN INFRASTRUCTURE❗ 🚀🇧🇷

The game has changed. Itaú Unibanco just made a move that silences any skeptic: a direct investment in a Bitcoin mining company. Where banks once viewed $BTC from a distance, now the biggest financial player in the region is helping secure the network.

🤔 WHY THIS IS A GAME-CHANGER ❓

Validation of the Institutional Thesis » When a bank with the conservatism and scale of Itaú steps into mining, they’re declaring Bitcoin a lasting financial infrastructure. They don’t just want to trade the asset; they want to be part of its creation.

Sovereignty and Diversification » Investing in mining allows the bank access to "virgin bitcoins" (with no transaction history), a highly valued asset for institutions seeking compliance and security.

Itaú Ventures invested in Minter, a Bitcoin mining startup. The U.S. dominates with 37.8% of the global hashrate — and Minter believes Brazil can develop a similar model with flexible load, expanding later into the American market. ⚡₿

Signal for the Brazilian Market » This move should accelerate positive regulation and adoption by other banks and asset managers in Brazil, consolidating the country as a global hub for digital assets.

👀 📝 MY POINT OF VIEW

Leandro Fumão Crypto 📣 For us investors, this is the pinnacle of "mass adoption." Seeing traditional capital flowing into the hardware and energy that supports the blockchain proves that the convergence between Web3 and the banking system is inevitable.

💬 Question for the Square strategists ▸ Did you expect Itaú to dive so deep down the rabbit hole to invest in mining, or did you think they would stick to custody only?

#Bitcoin❗ #itau #Mining #BinanceSquare