Brazil’s leading financial policy has banned some pension funds from investing in cryptocurrencies because they are too dangerous.
The National Monetary Council (CMN) prohibits closed pension entities known as Entidades Fechadas de Previdência Complementar (EFPC) from allocating any part of their Bitcoin (EFPC (Btc) or other digital currencies.
EFPCs manage retirement thrift for thousands of union and workers working in the company and their reserves usually consist of bonds and equality.
“Resolution also prohibits investments in virtual possessions, considering their specific properties of investment and related risk,” a financial ministry Notice Moving -Moving in the middle Local news outlets Reading.
Decision was published last week under Resolution 5.202/2025 of the National Monetary Council (CMN).
In contrast, last year the British Pension Pension Cartwright guided the country’s first Pension Fund to make a Bitcoin allocation costs 3% of its owners. Many US states have begun to experiment with crypto allocations for their pension systems, despite federal level custody. The Wisconsin State Investment Board, for example, was declared in February that it had Invested $ 340 million in Bitcoin by Blackrock’s ETF (Go).
Decision does not appear to apply to open pension funds or individual retirement products sold by banks and insurers. They are controlled separately and may allow indirect investment through funds exchanged by exchange or tokenized asset platforms.
