Brazilian Lawmaker Proposes Bill to Allow Investment Funds to Hold Crypto
Brazilian Congresswoman Adriana Ventura has introduced a draft bill seeking to permit investment funds in Brazil to invest in cryptocurrencies, including Bitcoin.
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A Step Toward Institutional Crypto Adoption
The proposed legislation, published on the Brazilian parliament’s website, aims to:
- Provide a regulated framework for investment funds to safely engage with crypto.
- Align Brazil with the global trend of recognizing digital assets as a legitimate investment class.
- Strengthen Brazil’s position as a leading crypto hub in Latin America.
Currently, Brazilian institutional investors are restricted from direct crypto investments, despite the country’s booming retail crypto market. If approved, the bill would enable funds registered in Brazil to acquire crypto from licensed firms operating within the country.
Crypto Regulations & Market Impact
Brazil’s crypto-friendly stance continues to evolve, with regulators working on crypto tax reforms expected by Q1 2025.
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If passed, this legislation could be a major milestone for institutional crypto adoption in Brazil, further solidifying its role as a key player in the global digital asset ecosystem.
