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.

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…

The National Monetary Council of the country restricts access to closed pension funds (EFPC) to digital assets, which it considers too risky. *** The resolution affects closed pension funds, known as EFPC. They will not be able to invest in Bitcoin or any other virtual assets. The contrast is evident with countries like the US and the UK, which do explore these investments. The measure does not apply to other types of pension funds operating in …

Brazil restricts pension funds from investing in cryptocurrencies: here’s why

Brazil has officially barred a major category of pension funds from investing in cryptocurrencies, citing risk concerns and the need to preserve long-term financial stability. The country’s top financial policy body, the National Monetary Council (CMN), announced the decision under Resolution 5.202/2025, published last week. The resolution prohibits Entidades Fechadas de Previdência Complementar (EFPCs)—which manage retirement savings for unioni…

Brazil Bans Closed Pension Funds from Investing in Crypto Assets

This decision was driven by concerns over the volatility of digital currencies, especially after Bitcoin surged by 120% in 2024, reaching a price of around $80,000. Protecting Retirees’ Savings The ruling primarily affects large pension funds like Previ and Petros, which collectively serve millions of retirees. These funds have historically favored low-risk investments, such as government bonds, due to Brazil’s 10.5% Selic rate. However, with de…