PANews reported on March 31 that according to CoinDesk, the Brazilian National Monetary Council (CMN) issued Resolution 5.202/2025, prohibiting closed pension funds such as Entidades Fechadas de Previdência Complementar (EFPCs) from investing their guaranteed reserves in Bitcoin (BTC) or other crypto assets because cryptocurrencies are considered to be too risky.
Brazil bans large pension funds from investing in cryptocurrencies
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