Itaú Unibanco becomes first bank to formalize crypto brokerage under Brazil's new rules
- —Itaú Unibanco filed its notification with Brazil's central bank on Tuesday
- —The deadline for submissions under the new rules is Oct. 30
- —The bank formalized both crypto trading and custody operations
Why it matters: Brazil's largest private lender legitimizing crypto services could accelerate traditional banks' entry into the market.
Source: CoinDesk