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Brazil bans some pension funds from investing in crypto assets

2025-03-31 23:00:03 4 days ago CoinRank

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CoinRank News: Brazils top financial policy body has banned some pension funds from investing in crypto assets, citing high risks. The National Monetary Council (CMN) prohibits closed pension funds (EFPCs) from investing any part of their guaranteed reserves in Bitcoin or other digital currencies. These closed pension funds (EFPCs) manage the retirement savings of tens of thousands of union members and corporate employees, and their reserves are usually composed of bonds and stocks. (CoinDesk)

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