Brazilian court orders Nubank to disclose all client crypto transactions after default ruling
- —Court gave Nubank five days to produce a full crypto transaction report
- —Nubank filed its defense 12 days past the June 24, 2026 deadline
- —Non-compliance triggers a daily fine of R$1,000, capped at R$20,000
- —Meta and Google have already handed over data to help identify the fraudsters
Why it matters: The ruling sets a precedent forcing Brazilian banks to trace client crypto flows, raising privacy and compliance pressure on the sector.
Source: Livecoins
More on this
Regulation · Oct 4Brazilian court orders Kraken to freeze funds in R$3.4M crypto fraud case
Regulation · Sep 29Russia's Central Bank to Require Banks to Disclose Clients' Crypto in Declaration Forms
Regulation · Oct 12Brazilian Labor Court Trains Judges in Crypto Tracing Ahead of CriptoJud Launch