Skip to content
FinanceBitcoin News

Nubank Secures Brazil Banking License to Save Its Iconic Name

By Sergio Goschenko

The neobank, which also runs a crypto business, received approval to purchase Banco Porto Real de Investimentos S/A, becoming a licensed bank in Brazil. The development enables the company to maintain its name, as regulators pressured it to drop the bank moniker since it was not licensed as a bank in the country.…

Read Original Article

Explained in this story

Cryptocurrency

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.

More about Cryptocurrency

More in Finance

From the blog