Brazil bans some pension funds from investing in crypto assets

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ODAILY
03-31
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Planet Daily News: Brazil's highest financial policy authority has banned some pension funds from investing in crypto assets due to excessively high risks. The National Monetary Committee (CMN) prohibits closed pension fund institutions (EFPCs) from investing any part of their guarantee reserves in Bitcoin or other digital currencies. These closed pension fund institutions (EFPCs) manage retirement savings for tens of thousands of union members and corporate employees, with their reserves typically consisting of bonds and stocks. (CoinDesk)

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