Itaú Notifies Brazil’s Central Bank of Crypto Operations Under New Rules
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Brazil’s largest lender, Itaú Unibanco, notified the central bank of its crypto trading and custody operations ahead of an Oct. 30 deadline, CoinDesk reported.
Itaú Unibanco has become the first bank in Brazil to formalize its crypto brokerage operations under new rules, according to CoinDesk.
The country’s largest lender submitted a notification to Brazil’s central bank on Tuesday covering its cryptocurrency trading and custody activities.
The submission came before an Oct. 30 deadline. The report did not provide further details about the notification or any response from the central bank.
Source: CoinDesk
