Policy, Brazil, Pension Funds The transfer contrasts with developments in different nations, such because the U.S. and U.Okay., the place some pension funds have begun to experiment with crypto publicity. 

Brazil’s high monetary coverage physique banned some pension funds from investing in cryptocurrencies as a result of they’re too dangerous.

The National Monetary Council (CMN) forbade closed pension entities generally known as Entidades Fechadas de Previdência Complementar (EFPCs) from allocating any portion of their assure reserves into bitcoin (BTC) or different digital currencies.

The EFPCs handle retirement financial savings for tens of hundreds of unionized and company-employed employees and their reserves are usually made up of bonds and equities.

“The resolution also prohibits investments in virtual assets, considering their specific investment characteristics and associated risk,” a Ministry of Finance notice circulating amongst local news outlets reads.

The ruling was printed final week below below Resolution 5.202/2025 by the National Monetary Council (CMN).

In distinction, final 12 months British pension specialist Cartwright guided the nation’s first pension fund to make a bitcoin allocation value 3% of its property. Several U.S. states have begun experimenting with crypto allocations for his or her pension techniques, regardless of federal-level warning. Wisconsin’s state funding board, for instance, revealed in February it had invested $340 million in bitcoin through BlackRock’s ETF (IBIT).

The ruling doesn’t seem to use to open pension funds or particular person retirement merchandise bought by banks and insurers. These are regulated individually and will permit oblique funding via exchange-traded funds or tokenized asset platforms.

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