Cryptocurrency is banned in Brazil and investors are caught by surprise
Calm down, Bitcoin investors, among other assets in the crypto world. Cryptocurrencies, in general, are still allowed in Brazil. The bad news is for those who invested in a specific project: the cryptocurrency $EIKE, launched by businessman and former billionaire Eike Batista.

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Cryptocurrency is banned in Brazil and investors are caught by surprise
By Carolina Carvalho
07/04/2025

Image from freepik
Calm down, Bitcoin investors, among other assets in the crypto world. Cryptocurrencies, in general, are still allowed in Brazil. The bad news is for those who invested in a specific project: the cryptocurrency $EIKE, launched by businessman and former billionaire Eike Batista.
Last week, the Securities and Exchange Commission (CVM) determined the suspension of the cryptocurrency offering because they did not have authorization from the Commission to act as securities offerors to the Brazilian public. “If the CVM's determination is not adopted, participants and persons who are identified as involved in the irregular acts will be subject to a daily fine of R$ 100,000,” warns the Commission.
The notice published by the CMV also warns that if you receive any investment proposal from those mentioned, you should contact the Commission through the Citizen Service Center (SAC).
Learn more about Eike Batista's cryptocurrency
The token $EIKE was launched in the market in February of this year. Eike Batista explained that the launch was a way to raise up to US$ 100 million to invest, according to the businessman, in a bioplastic factory in Florida, USA, and in the cultivation of a genetically modified variety of sugarcane, which would be capable of producing more ethanol and biomass than conventional varieties.