Brazil Bans Funds of Negotiating in CryptoCurrencies

Brazil Bans Funds of Negotiating in CryptoCurrencies



By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Due to the risks associated with cyber transactions, crypto-currencies such as the popular Bitcoin, will not be accepted as a financial asset by investment funds, Brazil’s Securities and Exchange Commission (CVM) said on Friday. “The CVM’s technical area informs investment fund managers and managers that […]



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