Brazilian Securities Commission CVM Opens a Path for Funds to Invest in Crypto
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The Brazilian Securities Commission CVM has cleared the path for funds to dive into cryptocurrency-based investments. The institution issued a new set of rules that allows financial investment funds to invest in cryptocurrency tokens with the equivalent protections offered to other investment assets such as stocks and bonds, opening new markets for these companies. Brazilian Securities Commission CVM Regulates Cryptocurrency Investment for Funds Brazil has given one more step for the regularization and adoption of cryptocurrencies as investment instruments. The Brazilian Securities Commission has approved a new set of rules that now allow established funds to invest in cryptocurrency, opening
The Brazilian Securities and Exchange Commission (CVM) on Friday approved investment funds to hold crypto assets. On December 23, the Brazilian CVM approved the ability for investment funds to hold cryptocurrency assets. According to the regulator, funds will be allowed to operate in the crypto sector while paying attention to…