🇧🇷 it's not because almost every physical dollar has traces of cocaine that everyone with cash sniffs... with the $BTC banks will go bankrupt, they will be unnecessary... and the crypto head of Itaú knows this 😅 buy a physical wallet and withdraw whenever possible. #BTC it's more than money, more than a store of value, more than a unit of account... 🤔

The executive behind the digital assets area of Itaú Unibanco, Guto Antunes, stated this Wednesday (30th) at Web Summit Rio that "not being able to withdraw crypto assets is an evolution."

The intention of the head of digital assets at the largest commercial bank in the country, according to Itaú, was to protect the customer. This is because the restriction may prevent the misuse of crypto assets.

Itaú says its focus is to prevent money laundering.

Published by the Portal do Bitcoin, the news hit like a bomb in the middle of Web Summit Rio and was even commented on at one of the event's stages.