Brazil Bars Major Pension Funds From Investing in Cryptocurrencies

Brazil Bars Major Pension Funds From Investing in Cryptocurrencies

The move contrasts with developments in other countries, such as the U.S. and U.K., where some pension funds have begun to experiment with crypto exposure.

Brazil Bans Retirement Funds From Investing in Cryptocurrency – Regulation Bitcoin News

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 […]

ABcripto and Lukka Join Forces to Bring Greater Transparency to the Brazilian Crypto Market

The Brazilian Association of Crypto Economy (ABcripto), the leading association of digital asset companies in Brazil, has formed a partnership with Lukka, a global leader in crypto asset data and software, to launch the ABcripto Brazilian Market Indices.“The launch of these indices represents a crucial step forward for the crypto sector in Brazil. With more accurate and transparent data, we are taking an important step toward strengthening inves…

Survey: More Brazilians Invest in Cryptocurrency Than in Dollars, Gold and Stocks

The survey, commissioned by Coinbase and Hashdex, found that while savings accounts were Brazil’s most used investment instrument, cryptocurrency was more popular than other options, including stocks and gold, among Brazilians. Poll Finds Brazilians Invest More in Cryptocurrency Than in the Stock Ma...

Brazilian judge allows NFT subpoenas to Bitcoin wallets in high-profile fraud case

A court in Brazil has authorized the use of non-fungible tokens (NFTs) to notify unidentified defendants in a case involving missing Bitcoins (BTC) tied to an alleged pyramid scheme, BWA Brazil. The decision stems from legal action filed by the court-appointed trustee of BWA Brazil’s bankrupt estate seeking to interrupt the statute of limitations on claims related to crypto assets allegedly acquired using creditor funds. The estate requested tha…