Itaú Files Crypto Notice With Brazil’s Central Bank, Days Before Banks’ Window Shuts

Itaú Unibanco formally told Brazil’s central bank on Oct. 27 that it operates as a provider of virtual-asset services, three days before the deadline for licensed banks already active in crypto, Valor Econômico reported . The notice covers two activities: buying and selling crypto for clients, and holding those assets in custody. Brazil’s rules group that pair under the broker category of crypto service providers, according to Valor. Under Resolution BCB 520 , the central bank’s rulebook for the sector, standalone crypto firms have to apply for permission to operate.

Source: Unchained