Itaú Unibanco notified the Brazilian central bank of its cryptocurrency trading, sales and custody activities three days before the regulatory deadline of October 30. The country’s largest private bank is the first to file a declaration under the new regime, which requires specialized platforms to submit a full licensing application. Its app offers 15 cryptocurrencies, including bitcoin, ethereum, Solana, USDC and physically gold-backed PAXG, but no memecoins. Operators that fail to file a declaration or authorization request by the deadline will lose the right to operate in Brazil, where stablecoins account for nearly 90% of crypto transactions according to the central bank governor.
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