Itaú Unibanco formally told Brazil’s central bank on Oct. 27 that it operates as a provider of virtual-asset services, three days before the deadline for licensed banks already active in crypto, Valor Econômico reported.

The notice covers two activities: buying and selling crypto for clients, and holding those assets in custody. Brazil’s rules group that pair under the broker category of crypto service providers, according to Valor.

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A notice, not a license application

Under Resolution BCB 520, the central bank’s rulebook for the sector, standalone crypto firms have to apply for permission to operate….