Brazilian regulators say Nubank can’t use ‘bank’ brand until it gets proper license

Brazil’s regulators have told the country’s largest fintech Nubank that it cannot keep using the “bank” label in its branding inside the country because the company does not have a banking license, and the new rule that took effect in November blocks any firm without that license from calling itself a bank. This move landed […] source: https://www.cryptopolitan.com/nubank-cant-use-bank-brand/