Brazil’s largest lender becomes first bank to formalize crypto brokerage under new rules
Itaú Unibanco notified Brazil’s central bank of its crypto trading and custody operations on Tuesday, ahead of an Oct. 30 deadline.
Source: CoinDesk
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DW NOTE
Itaú just became the compliance guinea pig for Brazil's crypto framework. The real test isn't whether a bank can file paperwork — it's whether the central bank's reporting requirements are designed to track systemic risk or simply create a registry of who holds what. One of those purposes is regulatory, the other is preparatory.