The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Coin Circle (120bTC.COm): After Brazilian payment company PicPay and brokerage investment company XP. both closed their local cryptocurrency trading businesses last month, Brazil's largest bank Itau
Unibanco (Itau United Bank) has instead forged ahead and officially launched cryptocurrency trading services to its customers yesterday (4), joining the fierce competition with local MB, investment bank BTG
Pactual and ().

Initially providing BTC and ETH trading

According to Reuters, Guto
Antunes, head of Itau's digital assets, said in an interview that the bank will initially provide trading pairs of Bitcoin and Ethereum, and will continue to expand to other cryptocurrencies based on regulatory changes: Itau will start with Bitcoin and Ethereum, but our overall strategy is to expand to other crypto assets in the future. However, any expansion will depend on Brazil's regulatory measures on cryptocurrencies.

At the same time, Guto Antunes also emphasized that Itau will stand out from the fierce local competition because the bank will also provide digital asset custody services to customers to protect the safety of user funds.

Brazil plans to impose income tax on overseas cryptocurrencies

It is worth mentioning that due to the high adoption rate of cryptocurrencies in Brazil, the transaction volume of the US dollar stablecoin USDT alone is as high as 55 billion US dollars, which has led the Brazilian government to take a fancy to this piece of fat meat. The Senate passed a new income tax law on the 29th of last month. After the approval of President Luiz Inácio
Lulada Silva, income tax will be levied on citizens' cryptocurrencies stored overseas.

According to this bill, from January 1, 2024, any Brazilian who earns more than $1,200 in overseas exchanges will be required to pay up to 15% in taxes. But despite the progress of the bill, Senator Rogério
Marinho raised his hand in opposition, criticizing: The reason why the government wants to levy taxes is because it is poorly managed.