Brazil Fintech Regulation: Central Bank Shuts Dank Bank

2026-03-11 - 17:54

Key Points — Brazil’s Central Bank ordered the extrajudicial liquidation of Dank Sociedade de Crédito Direto on Wednesday — the first time the regulator has ever intervened in a direct credit society (SCD), the fintech licensing category it created in 2018. — The order, signed by Central Bank president Gabriel Galípolo, cited severe financial deterioration