Brazilian lawmakers propose new bill to allow Brazilian funds to invest in cryptocurrencies

Odaily Planet Daily News: Brazilian parliamentarian Adriana Ventura has submitted a new draft bill proposing approval for Brazilian funds to invest in cryptocurrencies and purchase Bitcoin. The bill has been uploaded to the official website of the Brazilian Parliament. Ventura stated that the proposal aims to meet the growing demand and interest of Brazilian investment funds in cryptocurrencies. "This measure may contribute to financial innovation, encourage the industry to develop more complex products, develop investment strategies that include cryptocurrency assets, and also encourage internal competition and promote creativity in the financial sector She added that the measure will 'provide a regulated and secure environment', which will enable the fund to diversify its investment portfolio.