News · Regulation & Policy
Brazil's largest private lender notified the central bank of its crypto trading and custody operations ahead of an Oct. 30 regulatory deadline.
Key point 1 of 3
01
Itaú Unibanco submitted its digital-asset notification to Brazil's central bank ahead of an Oct. 30 deadline.
Key point 2 of 3
02
Central Bank Resolution 520 permits existing banks to notify the regulator, while dedicated VASPs must apply for authorization.
Key point 3 of 3
03
Institutions active in crypto that miss the 270-day notification window must halt virtual-asset services within 30 days.
Context
Brazil implemented Resolution 520 on Feb. 2, establishing a 270-day transition timeline for active financial institutions to formalize crypto trading and custody offerings.
Why it matters
Itaú secures uninterrupted operations for its 15 listed cryptoassets, setting a compliance benchmark for other Brazilian lenders managing digital-asset desks.
What to watch
The central bank's Oct. 30 compliance deadline and the Nov. 6 restriction prohibiting authorized institutions from transacting with unauthorized providers.
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