CoinOtag
2025-12-11 17:30:09

Nubank Eyes Acquisition of Licensed Bank to Comply with Brazil’s Fintech Rules

Brazil's central bank has prohibited Nubank from using the "bank" label in its domestic branding due to lacking a full banking license, effective November 2024. This regulatory action aims to prevent consumer confusion, pushing the fintech giant to explore acquiring a licensed bank for compliance. Nubank, Brazil's largest fintech with 110 million customers and over [...]

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