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Brazil Regulator Prohibits Funds from Investing in Cryptocurrencies



Brazil Regulator Prohibits Funds from Investing in Cryptocurrencies

Brazil’s Securities and Exchange Commission announced on Friday that local investment funds are prohibited from investing in cryptocurrencies. The country’s regulators are currently working on crypto regulation; seven public hearings have already been held to discuss this subject.

Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading

No Crypto Investments Allowed

Brazil Regulator Prohibits Funds from Investing in CryptocurrenciesThe Securities and Exchange Commission of Brazil (CVM) on Friday issued a circular…

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