🏦 BRAZIL'S LARGEST PRIVATE BANK FORMALIZES BITCOIN TRADING & CUSTODY Bitcoin is becoming part of regulated banking infrastructure in another major economy. Itaú Unibanco, the largest private bank in Brazil, has officially notified the country's central bank that it provides crypto trading and custody services. This makes Itaú the first Brazilian bank to officially enter the new framework for both activities. The bank offers clients access to 15 digital assets, including: • Bitcoin - Ether Its encryption service has been operating since December 2023. What is changing is the regulatory framework surrounding it. Brazil currently requires existing crypto businesses to formally enter its new regulatory system. Because Itaú is already a regulated bank, it can use a notification process rather than a completely new financial license application. Important: This is not the launch of a new Bitcoin service. This is an existing bank service officially integrated into Brazil's new laws. This distinction makes the development more interesting, not less. Bitcoin no longer sits outside the banking system waiting for regulators to decide what to do with it. Major banks are formalizing their existing operations to regulate Bitcoin custody and trading. The infrastructure is becoming normal. @BitcoinNews

🏦 BRAZIL'S LARGEST PRIVATE BANK FORMALIZES BITCOIN TRADING & CUSTODY Bitcoin is becoming part of regulated banking infrastructure in another major economy. Itaú Unibanco, the largest private bank in Brazil, has officially notified the country's central bank that it provides crypto trading and custody services. This makes Itaú the first Brazilian bank to officially enter the new framework for both activities. The bank offers clients access to 15 digital assets, including: • Bitcoin - Ether Its encryption service has been operating since December 2023. What is changing is the regulatory framework surrounding it. Brazil currently requires existing crypto businesses to formally enter its new regulatory system. Because Itaú is already a regulated bank, it can use a notification process rather than a completely new financial license application. Important: This is not the launch of a new Bitcoin service. This is an existing bank service officially integrated into Brazil's new laws. This distinction makes the development more interesting, not less. Bitcoin no longer sits outside the banking system waiting for regulators to decide what to do with it. Major banks are formalizing their existing operations to regulate Bitcoin custody and trading. The infrastructure is becoming normal. @BitcoinNews