Brazilian Banks Are Embracing Crypto Without Owning Any

Brazilian banks are getting much more comfortable with crypto. The catch is that they are still keeping it at arm’s length.Itaú, Brazil’s biggest bank by assets under management, now offers 15 crypto assets through its investment app, including Bitcoin, Ethereum and USDC, a dollar-pegged stablecoin. Nubank goes further, with 28 tokens available to customers.Banco do Brasil has also entered the retail market. After launching direct Bitcoin and Ethereum purchases in January, the