Itaú formalizes crypto custody role with Brazil’s central bank as licensing window closes

Itaú, one of Brazil's largest banks, has formally registered with the country's central bank to intermediate and custody crypto assets under new licensing rules. The move comes as Brazil closes its licensing window, pushing regulated institutions to formalize their crypto operations. Traders should watch for growing institutional custody and trading infrastructure in Latin America's largest economy, which could support demand for crypto assets like bitcoin.