Itaú becomes first bank to formalize crypto brokerage under Brazil’s new rules

Itaú Unibanco, Brazil's largest lender, notified the country's central bank of its crypto trading and custody operations on Tuesday, becoming the first bank to formalize a crypto brokerage under new rules. The move comes ahead of an Oct. 30 regulatory deadline. A major incumbent bank entering regulated crypto brokerage signals growing institutional adoption in Latin America's biggest economy, a constructive signal for crypto market confidence.