The decision adopted by CMN applies to warranty reserves of large socially significant pension funds of Brazil, which manage the savings of thousands of workers related to trade unions, large corporations or state structures.
These funds are usually formed by employers and function as non -profit structures that serve certain groups of employees. Among them are a closed pension fund for employees of the Petrobras State Oil and Gas Company; Previ, which manages the pension savings of employees of the Central Bank of Brazil; as well as Vale, the pension fund of one of the largest mining companies.
According to the resolution of CMN No. 5.202, EFPC will not be able to place funds in virtual assets. The ban does not apply to open funds and individual pension products that are regulated separately and can invest through ETF or tokenized platforms. The new rules also clarify the limits of investment in participation funds (FIP) and soften the requirements for real estate investments.
The CMN decision contrasts with the recent bill, introduced For discussion in the Parliament of Brazil by deputy Adriana Ventura from the Novo liberal party. The politician proposed allowing local investment funds to directly acquire cryptocurrencies from companies registered in Brazil to increase the competition and development of financial initiatives.
Earlier, former federal deputy San Paulo Luis Phillipe submitted a bill to the National Congress of Brazil, which, if adopted, will allow citizens of the country to pay salaries and bitcoin awards.
Source: Bits
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