Brazil Gives Investment Funds Green Light to [Indirectly] Buy Bitcoin

Brazil’s securities regulator, Comissão de Valores Mobiliários (CVM), has reportedly authorized investment funds to indirectly put their money in the cryptocurrency ecosystem, through the acquisition of derivatives and foreign funds. Brazilian Funds Can Now Gain Exposure to Cryptocurrency According to

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Brazil Has Gone Crypto Crazy, Investor Numbers Surge

Brazil, at country that boasts the largest economy in South America, is becoming increasing interested in cryptocurrencies and associated blockchain technology, with the public, the government, and the education system all hopping on the bandwagon.

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