Brazilian banks are increasing their cryptocurrency companies for patrons. Based on Folha de S.Paulo, Brazil’s largest asset administration financial institution, Itaú, now provides 15 forms of cryptocurrencies, together with Bitcoin, Ethereum, and the US greenback stablecoin USDC, by way of its funding app. Brazil’s largest fintech firm, Nubank, has listed 28 varieties, and Banco do Brasil, essentially the most worthwhile state-owned financial institution in Brazil, has seen transaction volumes exceed 11 million reais (roughly 2.1 million USD) since launching direct buy companies for Bitcoin and Ethereum in January of this 12 months.
Nonetheless, buyer cryptocurrency transactions haven’t entered the banks’ steadiness sheets. A doc from the central financial institution dated March 2026 reveals that Brazilian banks maintain zero digital property on their books. Over the previous 12 months, Itaú, Bradesco, Santander, Banco do Brasil, and Nubank have all expanded their cryptocurrency product strains, whereas the Brazilian cryptocurrency market has additionally reached document sizes. Based on information from the Brazilian Federal Income Service, Receita Federal, Brazilians transferred 505.5 billion reais (roughly 98.7 billion USD) by way of cryptocurrencies in 2025, greater than 5 instances that of 2020, with company transactions accounting for 98.3%.
This transfer by banks coincides with the implementation of laws. In 2022, Brazil handed the “Digital Asset Authorized Framework,” granting regulatory authority to the central financial institution. Three resolutions issued in November 2025 require any establishment permitting prospects to commerce, maintain, or ship cryptocurrencies to acquire a license, meet minimal capital necessities, and segregate buyer accounts, with a compliance deadline of October 30, 2026.
