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Brazil Bans Closed Pension Funds from Investing in Crypto Assets

  • Brazil has banned closed pension funds from investing in crypto assets due to concerns over volatility and potential risks to retirees' savings.
  • Large pension funds like Previ and Petros, serving millions of retirees, are affected by the ruling, which aims to protect their investments.
  • While crypto investments are restricted, alternative investment options like agro-industrial funds and infrastructure debentures are still allowed.
  • The ban on crypto investments in pension funds contradicts Brazil's 2022 crypto law, which aimed to regulate the digital asset market.

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