Brazil’s Major Banks Broaden Retail Crypto Access Under New Rules

Itaú, Nubank, and Banco do Brasil have expanded their cryptocurrency offerings for retail customers as Brazil’s regulatory framework takes shape, according to Decrypt. Each bank now makes more than a dozen tokens available to clients. Despite the broader product selection, none of the three institutions holds crypto on its own balance sheet, meaning their offerings do not involve direct proprietary exposure. The development highlights a wider availability of digital assets through established Brazilian banking channels while maintaining a distinction between selling crypto-related products to customers and owning those assets directly. The banks’ growing token menus come as regulation takes hold in the country, creating a more formal setting for retail access to crypto markets.