Brazilian Lawmaker Proposes Bill to Allow Crypto Investments by Funds

According to Odaily, Brazilian lawmaker Adriana Ventura has introduced a new bill proposing the authorization of Brazilian funds to invest in cryptocurrencies, including Bitcoin. The draft has been uploaded to the official website of the Brazilian Parliament. Ventura stated that the proposal aims to address the growing demand and interest in cryptocurrencies among Brazilian investment funds. She emphasized that this measure could foster financial innovation and encourage the development of more sophisticated products within the industry. The bill intends to establish investment strategies that include crypto assets, promote internal competition, and enhance creativity in the financial sector. Ventura added that the measure would provide a regulated and secure environment, enabling funds to diversify their investment portfolios.