--- title: "Itaú registers with Brazil's central bank as crypto intermediary and custodian" description: "Itaú Unibanco, Brazil's largest private bank, has formally registered with the Central Bank of Brazil to intermediate and custody crypto assets under the…" language: en canonical: "https://whycoinmoves.com/en/events/bitcoin-brazilian-banking-giant-itau-formalizes-69d0b18aaaa920" published: 2026-10-28T13:50:05.000Z updated: 2026-10-28T14:51:01.000Z indexable: true --- # Itaú registers with Brazil's central bank as crypto intermediary and custodian Itaú Unibanco, Brazil's largest private bank, has formally registered with the Central Bank of Brazil to intermediate and custody crypto assets under the… Attributed sources: [Bitcoin Magazine]() ## Key facts Itaú Unibanco, Brazil's largest private bank, has formally registered with the Central Bank of Brazil to intermediate and custody crypto assets under the country's new licensing rules, Bitcoin Magazine reported. The filing comes as providers race a transition deadline under Resolutions 519, 520 and 521, which took effect on February 2, 2026, and transactions with unauthorized counterparties face a $100,000 cap under Resolution 521. Evidence strength: Single source, 1 publisher group(s) (Bitcoin Magazine). After site detection, observed returns were 5 minutes: +0.16% (Oct 28, 2026, 13:50 → Oct 28, 2026, 13:55, UTC; Gate · USDT); 1 hour: +0.21% (Oct 28, 2026, 13:50 → Oct 28, 2026, 14:50, UTC; Gate · USDT) In the preceding 30 days, the 99th percentile of absolute hourly returns was 1.01% (OKX · USDT; cutoff Oct 28, 2026, 13:50, UTC). ## Returns after site detection | Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source | | --- | --- | --- | --- | --- | --- | | 5 minutes | +0.16% | +0.16% | 0.00 pp | Oct 28, 2026, 13:50 → Oct 28, 2026, 13:55 | Gate · USDT | | 1 hour | +0.21% | +0.21% | 0.00 pp | Oct 28, 2026, 13:50 → Oct 28, 2026, 14:50 | Gate · USDT | ## Historical hourly baseline | Metric | Value | | --- | --- | | Coverage | 100.0% (720/720) | | Median absolute hourly return | 0.14% | | 99th percentile of absolute hourly returns | 1.01% | | BTC beta | 1.00 | | Source / cutoff (UTC) | OKX · USDT / Oct 28, 2026, 13:50 | ## Claims and open questions - Bitcoin Magazine reported that Itaú Unibanco filed with the Central Bank of Brazil to intermediate and custody crypto assets, the same activities the regulator assigns to brokerage firms. - According to Bitcoin Magazine, Brazil's central bank rules took effect on February 2, 2026, creating the SPSAV license category and requiring segregation of client and company assets plus minimum capital levels. - Bitcoin Magazine reported that Resolution 521 brought crypto transactions into the foreign-exchange regime, capping transfers with unauthorized counterparties at $100,000. - What minimum capital level and compliance requirements the central bank will apply specifically to Itaú's crypto intermediation and custody business, and confirmation of the filing from the Central Bank of Brazil or Itaú. - Whether Itaú's registration has been granted or remains pending within the transition period for providers already operating when the regime took effect. ## Source evidence - [Brazilian Banking Giant Itaú Formalizes Crypto Role as Brazil Closes Its Licensing Window]() — Bitcoin Magazine; published Oct 28, 2026, 13:46; received Oct 28, 2026, 13:50 (UTC). ## Recent BTC events and market reactions - [Bitcoin Core 32.1 released with bug fixes]() — Published Oct 27, 2026, 04:00 (UTC) · Official source (1 publisher) · Project updates · 5m +0.03% / 1h -0.13% - [Bitwise lifts 2036 bitcoin price target to about $1.6 million]() — Published Oct 28, 2026, 15:07 (UTC) · Multiple publishers (2 publishers) · Market watch · 5m +0.04% / 1h -0.13% - [Bitcoin rebounds above $81,000 as Asian chip rally lifts crypto markets]() — Published Oct 28, 2026, 11:32 (UTC) · Single source (1 publisher) · Market watch · 5m -0.01% / 1h -0.71% - [Bitcoin ETF inflows climb to $176M as BTC rebounds above $80K]() — Published Oct 28, 2026, 07:57 (UTC) · Single source (1 publisher) · Market watch · 5m +0.01% / 1h +0.36% - [Datavault AI shares drop about 50% after filing says bitcoin could not be withdrawn]() — Published Oct 28, 2026, 03:00 (UTC) · Multiple publishers (2 publishers) · Market watch · 5m +0.02% / 1h +0.25% - [Full coin archive]() ## Research for this archive - [Do Bitcoin ETF flows predict the price? 684 days of daily flows]() - [Bitcoin institutional adoption: CME, spot ETFs and SPY correlation]() - [XRP lawsuit and Ethereum ETFs: reading SEC filings and rulings]() - [Altcoin beta to Bitcoin: BTC, ETH, SOL and DOGE hourly returns]() Evidence levels describe source coverage, not the probability that a report is true. Price moves and their timing cannot establish a cause; minute samples show an observed interval and alert thresholds are heuristics. Explanations are model-assisted, with citations and figures checked. Source titles stay in their original language; full articles are not republished. [Methods and limitations]()