According to local media Valor Econômico, the bank submitted notice to the Central Bank of Brazil on Tuesday, ahead of the October 30 compliance deadline. Under the regulatory framework, banks already authorized by the central bank may offer cryptocurrency services through a notification process, while dedicated virtual asset service providers must apply for operational authorization. According to its website, Itaú Unibanco offers 15 cryptocurrency assets, including Bitcoin, Ethereum, and the USD-pegged stablecoin USDC; the service began in December 2023, and the bank has not disclosed the number of customers or transaction volumes.
Brazil's largest bank, Itaú, completes crypto brokerage filing ahead of deadline
TechFlowShare
Summary
Brazil’s largest bank, Itaú Unibanco, submitted its crypto brokerage application to the central bank ahead of the October 30 deadline, meeting CFT compliance requirements. The service, launched in December 2023, offers 15 crypto assets, including Bitcoin, Ethereum, and USDC. This move supports liquidity in crypto markets and aligns with Brazil’s regulatory emphasis on transparency. Transaction volumes and user numbers remain undisclosed.
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