Itaú Files Crypto Notice With Brazil’s Central Bank, Days Before Banks’ Window Shuts
By Unchained
AI summary of the source article
Itaú Unibanco formally notified Brazil's central bank on Oct. 27 that it operates as a virtual-asset service provider. The filing covers crypto trading and custody ahead of an Oct. 30 deadline for already-supervised financial institutions.
Why it matters
Itaú stated it believes the move "lays firmer groundwork for digital assets in Brazil and globally, and that clear rules with high security and governance standards help the whole industry and, above all, consumers."
Key facts
- Itaú Unibanco notified Brazil's central bank that it provides virtual-asset trading and custody services.
- Under Resolution BCB 520, supervised banks active in crypto had 270 days, ending Oct. 30, to submit formal communications and independent technical certifications.
- Beginning Nov. 6, central bank-licensed firms are barred from executing crypto transactions with unauthorized virtual-asset service providers.
Source excerpt · Unchained
Brazil's crypto rules let banks already offering digital assets keep going by filing a formal notice, and Itaú used that route for its trading and custody services. The post Itaú Files Crypto Notice With Brazil’s Central Bank, Days Before Banks’ Window Shuts appeared first on Unchained .