Itaú Unibanco becomes first Brazilian bank to formalize crypto brokerage under new rules

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Itaú Unibanco, Brazil's largest lender, has notified the country's central bank of its cryptocurrency trading and custody operations. The filing was made on Tuesday, ahead of an October 30 compliance deadline. This makes Itaú the first bank in Brazil to formally register its crypto brokerage activities under the new regulatory framework. The move reflects growing regulatory oversight of digital asset services in the country.

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