😱Brazilian pension funds have banned from investing in crypto

Brazil’s National Monetary Council, its top financial policy body, banned certain types of pension funds from investing in cryptocurrencies because the asset class is deemed too risky.

Specifically, closed pension vehicles known as EFPCs are impacted by the rule. These funds manage retirement savings for thousands of unionized and company-employed workers.

Brazil’s Ministry of Finance said in a statement:

“The resolution also prohibits investments in virtual assets, considering their specific investment characteristics and associated risk.”

https://www.coindesk.com/policy/2025/03/31/brazil-bars-major-pension-funds-from-investing-in-cryptocurrencies