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Brazil Bans Retirement Funds From Investing in Cryptocurrency

The National Monetary Council, one of the major institutions managing monetary system policies in Brazil, issued this cryptocurrency investment ban for pension funds as it considered crypto’s “specific investment and ris...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Brazil Bans Retirement Funds From Investing in Cryptocurrency
The National Monetary Council, one of the major institutions managing monetary system policies in Brazil, issued this cryptocurrency investment ban for pension funds as it considered crypto’s “specific investment and risk characteristics” in a resolution issued on March 27. Brazil Prohibits Pension Funds’ Investments in Cryptocurrency and Bitcoin Brazil has taken another step backward when […]

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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