BRAZIL JUST GOT MASSIVE NEWS! Itaú Unibanco, Brazil’s largest private bank, has officially registered crypto trading and custody services with the Central Bank. It is the FIRST bank to do so under the new Resolution 520 regulations.
It currently offers 15 digital assets, including $BTC , $ETH and $USDC , and manages custody in-house. This comes ahead of the 30/10 deadline, demonstrating a serious commitment to regulatory compliance.
This move is extremely important. It confirms that traditional banks in Brazil CAN absolutely continue offering crypto services, provided they meet strict legal requirements.
This is a strong signal, paving the way for institutional capital and broader crypto adoption in LatAm. A major milestone showing that crypto’s future is becoming increasingly mainstream.
Will other major banks quickly follow Itaú’s lead?
#Crypto #Brazil #Adoption
$BTC $ETH
It currently offers 15 digital assets, including $BTC , $ETH and $USDC , and manages custody in-house. This comes ahead of the 30/10 deadline, demonstrating a serious commitment to regulatory compliance.
This move is extremely important. It confirms that traditional banks in Brazil CAN absolutely continue offering crypto services, provided they meet strict legal requirements.
This is a strong signal, paving the way for institutional capital and broader crypto adoption in LatAm. A major milestone showing that crypto’s future is becoming increasingly mainstream.
Will other major banks quickly follow Itaú’s lead?
#Crypto #Brazil #Adoption
$BTC $ETH