Shocking Ban: Brazil Blocks Crypto Investments for Pension Funds

Quick Summary:

In a dramatic turn for the Latin American crypto landscape, Brazil’s National Monetary Council has issued a significant ruling that sends ripples through the digital asset world.

A new resolution has officially blocked closed pension funds (EFPCs) from allocating investments to the volatile realm of Bitcoin and other cryptocurrencies.

Restricted to employees of a specific company or group, or members of an association.

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Article Details

Author / Journalist: Editorial Team

Category: Crypto

Markets: IndiaBrazil

Topics: Pension Funds Investment CRYPTOCURRENCY Crypto News Regulation

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-31 @ 21:10:40 (2 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 578 words

Reading Time: 4 minutes read

Sentences: 38 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 27497293

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 47 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #121

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