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Crypto-Friendly Bank Nubank Considers Acquiring Small Bank in Brazil to Retain Name

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Crypto-friendly fintech Nubank is exploring a potential acquisition of a small Brazilian bank to retain its name under new local rules. The Central Bank of Brazil barred non-licensed firms from using “bank” in their branding under November 2025 rules aligned with stricter **Countering the Financing of Terrorism** measures. Nubank, not a licensed bank, is weighing a buyout of a loss-making bank with tax benefits or applying for its own license—a slow and costly path. The firm has no final decision yet.
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