Odaily Planet Daily News Brazilian Congressman Adriana Ventura submitted a new draft bill proposing to approve Brazilian funds to invest in cryptocurrencies and purchase Bitcoin. The bill has been uploaded to the official website of the Brazilian Congress.
Ventura said that the proposal is aimed at meeting the growing demand and interest of Brazilian investment funds in cryptocurrencies. "This measure may contribute to financial innovation, encourage the industry to develop more complex products, and formulate investment strategies that include crypto assets. It will also encourage internal competition and promote creativity in the financial sector."
She added that the measure will "provide a regulated and safe environment," which will enable funds to expand the diversification of their portfolios.