[Crypto-Friendly Bank Nubank Considers Acquiring a Small Bank in Brazil to Retain Brand Name] With Brazil passing new regulations in November prohibiting non-licensed entities from using the term 'bank' or similar expressions in foreign languages in their branding, crypto-friendly bank Nubank is considering acquiring a small licensed bank to comply with regulations and retain its name. According to insiders, acquiring a bank with accumulated losses could provide tax credits. Although Nubank has not made a final decision and may still apply for a new license from Brazil's central bank, the acquisition route could avoid the lengthy process and high costs associated with applying for a license.