Itaú Unibanco registers as crypto service provider before Brazil's licensing deadline

Brazil's largest private bank Itaú Unibanco has formally registered as a cryptocurrency service provider with the Central Bank of Brazil, filing for authorization under the new Sociedades Prestadoras de Serviços de Ativos Virtuais (SPSAV) framework. The filing covers crypto asset intermediation and custody, positioning the bank within a regulatory regime that took effect February 2, 2026. This move comes as Brazil closes its licensing window, requiring all firms holding or trading crypto for customers to register. For users, the change provides greater legal protection through mandatory asset segregation and compliance with banking standards. For Itaú, the filing represents a commitment to operate within Brazil's domestic financial system amid tightening regulations.