News · CoinDesk

Brazil’s largest lender becomes first bank to formalize crypto brokerage under new rules

Itaú Unibanco, Brazil's largest private bank, notified the central bank of its crypto trading and custody operations under the new digital-asset rules, becoming the first bank to do so ahead of the Oct. 30 deadline. The bank offers 15 cryptoassets, including bitcoin, ether and USDC, and has run the service since December 2023, but has not disclosed user numbers or trading volumes. Under Resolution 520, which took effect Feb. 2, banks already authorized can notify the regulator, while dedicated crypto providers must apply for authorization, and institutions that miss the deadline must stop crypto services within 30 days. The central bank has moved to Nov. 6 the date from which banks are barred from doing crypto business with unauthorized providers.

Summary written by Upside AI from the original article. Read the source for full details.

Read the original on CoinDesk ↗

Keywords

cryptobanksregulationBrazil

Open a keyword to see other news on the same topic.

Related tickers and likely impact

BTC/USDT

• Neutral

Bitcoin

Relevance: low

MarketCrypto
ExchangeBinance
SectorLayer 1
Market cap$1.6T
Close on 10/27/202680,909.77
Change that session+0.95%
BTC/USDT price, forecasts and signals →

ETH/USDT

• Neutral

Ethereum

Relevance: low

MarketCrypto
ExchangeBinance
SectorLayer 1
Market cap$285.6B
Close on 10/27/20262,350.36
Change that session+1.11%
ETH/USDT price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

  • Binance files for Brazil crypto license ahead of Friday deadline

    Binance submitted an application for a cryptocurrency service provider license to the Central Bank of Brazil on Oct. 23, through its local entity BBrasil, ahead of the Oct. 30 deadline for existing providers to keep operating under transitional arrangements. Effective Tuesday, Brazilian users face restrictions on crypto lending, margin trading and other services, and the exchange is delisting 22 crypto assets in the country. Binance hopes ongoing talks with the central bank will allow it to restore some discontinued products, though filing an application does not constitute regulatory approval.

    Cointelegraph·▲ BNB/USDT▲ BTC/USDT• ETH/USDTcryptoBinanceBrazil
  • Brazil Court Votes 7 to 0 for Meta Order

    Brazil's Superior Electoral Court voted 7-0 on Friday 16 October to keep in force the order issued by Minister Marco Aurélio Bellizze against Meta until the 25 October runoff. The order bars Meta from reducing reach, dropping content from recommendations or restricting search for either Lula's or Flávio Bolsonaro's political content. Lula's coalition filed the complaint on 9 October, saying Meta failed to deliver its posts and that its Meta AI assistant refused images of Lula while producing material for Flávio Bolsonaro. Meta says it takes no side, calls favouritism claims false, and attributes the problems to technical incidents and an AI safeguard gap that has since been fixed. Non-compliance carries a fine of R$500,000 (about US$98,000) a day, and Meta must restore Lula's undelivered paid boosts by Wednesday 21 October.

    riotimesonline.com·▼ METAMETAregulationBrazil
  • Ripple gets a final go-ahead to launch its own U.S. national trust bank

    The Office of the Comptroller of the Currency (OCC) has approved Ripple National Trust Bank (RNTB), CEO Brad Garlinghouse announced on X. The bank will manage reserves backing the RLUSD stablecoin and offer regulated custody services for institutional clients, while RLUSD will continue to be issued by Ripple's New York-regulated unit, Standard Custody & Trust Company. RLUSD launched in December 2024 and has grown to about $2.5 billion in market value, backed by dollar deposits, U.S. government securities and other cash-like assets. Ripple applied in July 2025, received conditional approval in December and final approval this week, and said it will keep working with the OCC, New York regulators and others as the bank starts operating.

    CoinDesk·▲ XRP/USDTXRPUSDTcryptostablecoins
  • US OCC calls on community banks to become payment stablecoin issuers

    The Office of the Comptroller of the Currency (OCC) has encouraged community banks to apply to become payment stablecoin issuers, or to have subsidiaries do so, after finalizing its rules under the GENIUS Act. In a Monday X post, the OCC encouraged building payment stablecoin capabilities in community banking before the law takes effect in January, a move that could challenge the market share of crypto firms and financial institutions. Banking advocacy groups have pushed back on the OCC’s proposed stablecoin yield rules, saying they go against congressional intent. Community banks are already suing the OCC over crypto charter approvals, and the Independent Community Bankers of America filed a lawsuit this month alleging crypto firms face lighter regulatory requirements.

    Cointelegraph·▲ BTC/USDT▲ ETH/USDTstablecoinsbanksregulation
  • OCC calls on community banks to enter the stablecoin payments market

    The U.S. Office of the Comptroller of the Currency (OCC) on Monday urged community banks to enter the stablecoin market, including by applying to issue their own dollar-pegged tokens under the GENIUS Act, directly or through subsidiaries. Stablecoin issuers must comply with the finalized regulations starting Jan. 18, 2027, though existing issuers with substantially complete applications may request temporary waivers. The push comes as banking groups warn that interest-paying stablecoins could draw deposits from traditional banks. The OCC faces criticism: the Independent Community Bankers of America has sued it over granting national trust-bank charters to crypto firms, and Senator Elizabeth Warren asked it to explain its chartering of nine crypto-focused institutions.

    CoinDesk·• BTC/USDTstablecoinsbanksregulation
  • UK banks face 10,000 complaints in 3 months over crypto restrictions

    Advocacy group Stand With Crypto recorded 10,092 complaints from 9,800 individuals about UK bank restrictions on crypto transactions over a 90-day period. Lloyds Banking Group drew the most complaints with 2,297 (23%), followed by Barclays with 1,569 and NatWest with 1,278. The data is voluntary, not adjusted for market share, and not representative of all customers. Stand With Crypto argues blanket bans, rigid limits and unclear policies could impede access to regulated exchanges and undermine the UK’s goal of becoming a global crypto hub. Katie Harries of Coinbase cited research by the UK Cryptoasset Business Council showing 40% of attempted transfers to FCA-registered exchanges were blocked or delayed over the preceding 12 months, and banks with published limits accounted for 61% of complaints.

    CoinDesk·• BTC/USDT• ETH/USDTcryptobanksUK

Related markets

Crypto →

Latest news

  • Live updates: Bitcoin climbs above $81,000 as majors rally ahead of Fed decision

    Bitcoin rose 2% to just above $81,000 on Wednesday Asian morning, recovering from Monday's dip below $80,000 as traders positioned for the Federal Reserve's rate decision. Most major tokens also gained: HYPE jumped nearly 6% to just above $81, ZEC added 5% to about $1,300, DOGE rose 4%, and BNB and SOL each gained about 3%. Ether climbed 2% to about $2,360, XRP rose 3% to $1.32, and TRX gained about 1%. The bounce follows a Galaxy note saying now is the time to accumulate bitcoin, with its head of firmwide research, Alex Thorn, saying the bear market likely ended in June, when bitcoin traded under $58,000. The bigger test comes when Fed Chair Kevin Warsh holds his press conference, as traders look for any hint of a December rate hike that would make borrowing costlier and tends to pull money from riskier assets like crypto.

    CoinDesk·▲ BTC/USDT▲ ETH/USDTbitcoincryptoFed
  • Can nVent Electric Become the Next Vertiv?

    Vertiv (VRT) leads in liquid cooling for AI data centers, and its stock has risen 700% over the past five years, while the article presents nVent Electric (NVT) as having a chance to become the next Vertiv at a lower valuation. Both companies raised full-year forecasts and hold large backlogs: $2.5 billion for nVent versus $15 billion for Vertiv. nVent has a $21 billion market cap against Vertiv's $80 billion, and its revenue grew 53% year over year versus 24% for Vertiv. Its forward P/E is 19.5 compared with Vertiv's 21.8, and its free cash flow rose 125% to $167 million. The article notes that Vertiv has greater AI exposure, while nVent's more diversified business leaves more room for its AI segment to expand.

    Yahoo Finance·data centersartificial intelligencevaluation
  • Shareholder group holds over 8.6% of Vietnam International Bank (VIB)

    Beston, Bellmont and four related individuals together hold over 322 million VIB shares, or more than 8.6% of charter capital, according to a list updated on October 28. Beston holds over 87 million shares (about 2.33%) and Bellmont over 85.7 million (nearly 2.3%), and both are led by Nguyễn Thùy Nga as Chairwoman and CEO. After Bellmont received 85.7 million shares from Beston through a corporate split, the two entities hold nearly 173 million shares (about 4.63%), while Ms. Nga and her husband own over 3.88%. Under the 2024 Law on Credit Institutions, shareholders holding at least 1% of charter capital must disclose information about themselves and related parties. VIB had total assets of nearly 600,000 billion VND as of the end of Q3, and its pre-tax profit for the first nine months rose 8% to nearly 7,600 billion VND.

    VnExpress·• VIBVIBbanksregulation
  • Tesla's Free Cash Flow Just Turned Positive. Here's Why That's Only Half the Story.

    Tesla reported $1.53 billion in third-quarter free cash flow, a swing from the $1.09 billion deficit in the prior quarter, but the figure fell 62% from a year earlier. The improvement came mainly from capital expenditure of $4.73 billion, well below analysts' expected $7.77 billion, rather than from stronger profits. Operating income fell 56% year over year to $718 million, and net income attributable to common shareholders dropped 43% to $787 million. CFO Vaibhav Taneja cut the 2026 capex outlook to about $20 billion from more than $25 billion, yet nine-month spending of $13.01 billion already more than doubled the prior-year level, requiring about $7 billion more in the fourth quarter. Tesla continues spending on AI, Optimus robots, Cybercab production and semiconductors, and has secured $30 billion in extra borrowing capacity that management does not expect to draw in 2026.

    Yahoo Finance·▲ TSLATSLAearningselectric vehicles
  • Gold price today, Wednesday, October 28, 2026: Gold prices remain below $4,100 ahead of the Fed rate decision

    Gold futures for December opened at $4,073.60 per troy ounce on Wednesday, October 28, flat from Tuesday's open, then slid to $4,060.70 by 6:57 a.m. ET. Gold has opened below $4,100 for the fourth straight day. The Fed concludes its two-day meeting later that day, and the CME Group's FedWatch tool puts the chance of rates staying unchanged at 90.6%, while Brent crude remains above $110 amid attacks and supply concerns in the Middle East. Compared with the opening price, one week ago was -1.7%, one month ago -5.6%, and one year ago +1.8%. The article also notes gold's one-year gain was 95.6% as of Jan. 29.

    Yahoo Finance·• XAU/USD• PAXG/USDT• XAUT/USDTgoldXAUUSDFed
  • Meta’s $25 Billion Stock Sale Drew Five Times the Demand

    Meta priced 40,000,000 Class A shares at $625 on October 26, raising $25.0 billion, up from the $22.5 billion planned, after investors placed orders for about five times the shares offered. The stock then fell 1.64% to $620.19 on October 27, below the price buyers paid. NVIDIA committed $3 billion as Meta expands its Vera Rubin deployment, and AMD, whose Helios systems are installed at Meta, committed $1 billion; the article notes both deals are partly vendor financing. The offering combines common shares sold through forward agreements, settling by November 19, 2027, with $12.5 billion of 6.50% mandatory convertible preferred depositary shares, for a $37.5 billion underwritten total. The sale followed free cash flow turning negative for the first time since 2012, after nearly $34 billion in capex against almost $33 billion in cash generation, and the 15 largest investors took about 70% of the deal.

    Yahoo Finance·▲ METAMETANvidiaAI investment

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.