Brazil’s Itaú Unibanco Becomes First Bank to Formally Register Crypto Trading and Custody
Brazil’s largest private bank, Itaú Unibanco, has become the first bank to formally register cryptocurrency trading and custody services with the country’s central bank, submitting its regulatory notification ahead of the October 30 deadline under Brazil’s new digital asset framework. Ad Ad Itaú Unibanco Registers…
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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 CryptocurrencyCentral bank
The public institution that manages a country's currency, money supply and benchmark interest rate, such as the Federal Reserve or the Reserve Bank of India.
Its decisions on rates and money supply move loan costs, currencies and markets for everyone in the economy.
More about Central bankMore in Finance
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