Bitcoin Makes The Cut As Brazil’s Largest Private Bank Issues 2026 Guidance
According to Itaú Asset Management, Brazil’s largest private bank, investors should consider holding 1%–3% of their portfolios in Bitcoin starting in 2026. The recommendation came in a research outlook released this week and frames Bitcoin as a small, complementary holding rather than a main bet. Related Reading: Binance And HTX Get Regulatory Nod To Operate […]
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Brazil’s central bank, the Banco Central do Brasil (BCB), is pushing for more time to roll out its central bank digital currency (CBDC). Earlier in May, BCB released a document covering the general guidelines and characteristics of Brazil’s future CBDC. Roberto Campos Neto, BCB’s chief central banker, also stated earlier last year that the country […]
Brazil’s central bank has officially released much-anticipated guidelines aimed at regulating the country’s cryptocurrency market, with a primary focus on curbing the rising incidences of scams and money laundering activities. This move comes in the wake of the legal framework for cryptocurrencies that was approved in 2022, which had been contingent on the central bank’s […]
Switzerland’s largest bank, UBS, has published guidance for clients about investing in bitcoin. The bank answers some important questions, such as whether one should buy bitcoin and other cryptocurrencies and whether bitcoin can be used to diversify portfolios. ‘Should I buy’ Bitcoin? UBS Answers UBS published a detailed report about bitcoin last week. It answers some questions that the bank is currently discussing with its clients, explained the report authors, including the firm’s chief investment officer of global emerging markets, Michael Bolliger. UBS Group is....
Brazil’s central bank chief Gabriel Galipolo recently highlighted a significant rise in cryptocurrency adoption across the country. Speaking at a Bank for International Settlements event in Mexico City, Galipolo noted that over the past two to three years, the volume of crypto transactions has surged dramatically. Interestingly, he estimated that around 90% of this activity […]
For some, the OCC's recent stablecoin guidance, while helpful, raises as many issues as it clarifies.