Brazil bars large pension funds from investing in cryptocurrencies
Brazil’s top economic political body banned some pension funds from investing in cryptocurrencies because they are too risky. The National Monetary Council (CMN) banned closed pension units known as Enidades Fechadas de Previdência Complementar (EFPCs) from assigning any part of their guarantee reserves to Bitcoin (BTC) or other digital currencies. The EFPCs manage pension savings […]
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