Bitcoin at a Brazilian Bank: What the New Rules Change

Key Takeaways Itaú filed a notification, not a license request. The bank holds the keys to customers’ coins. Crypto balances have no FGC deposit protection. Round-trip fees reach 3.9% on small orders. Brazil’s largest private bank notified the central bank on October 27 that it provides crypto intermediation and custody, Valor Econômico reported . Under the new rules, offering both services together counts as virtual-asset brokerage. The bank has not disclosed how many customers hold crypto with it or how much they trade.