Brazil, Thailand, India clarify crypto’s place in law, finance

Homepage > News > Finance > Brazil, Thailand, India clarify crypto’s place in law, finance TL;DR: From Brasília to Bangkok to Mumbai, the institutions behind traditional finance (TradFi) spent the past week drawing digital assets further into rules and remit. Itaú Unibanco became the first Brazilian bank reported to have formally notified the central bank of its crypto trading and custody business under the country’s new framework, while Thailand’s Supreme Court upheld a robbery conviction on the basis that BTC counts as property under criminal law, and the Reserve Bank of India pressed state governments to use its programmable CBDC. Key Takeaways: Itaú Unibanco becomes the first Brazilian bank reported to have notified the central bank of its crypto trading and custody activities under the country’s new digital asset regulations. Thailand’s Supreme Court recognizes Bitcoin as property under criminal law, strengthening legal protections against crypto-related theft. India’s central bank pushes programmable digital rupees to improve the efficiency and traceability of government welfare payments. A first for Brazil’s traditional banking elite Itaú Unibanco, Brazil’s largest ...