Brazil’s prime monetary coverage physique banned some pension funds from investing in cryptocurrencies as a result of they’re too dangerous.
The Nationwide Financial 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 1000’s of unionized and company-employed staff and their reserves are sometimes made up of bonds and equities.
“The decision additionally prohibits investments in digital property, contemplating their particular funding traits and related danger,” a Ministry of Finance notice circulating amongst local news outlets reads.
The ruling was revealed final week underneath underneath Resolution 5.202/2025 by the Nationwide Financial Council (CMN).
In distinction, final yr British pension specialist Cartwright guided the nation’s first pension fund to make a bitcoin allocation price 3% of its property. A number of 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 offered by banks and insurers. These are regulated individually and will enable oblique funding by means of exchange-traded funds or tokenized asset platforms.
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