Brazilian Securities and Exchange Commission to allow investment in crypto assets by investment funds
The Brazilian Securities and Exchange Commission has recently released a new regulatory framework for investment funds and has approved the inclusion of crypto assets in these funds
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On December 23, the Brazilian Securities and Exchange Commission (CVM) approved the ability to invest in crypto assets by investment funds. This decision allows investment funds to operate in the crypto market while also implementing measures to ensure the integrity and proper ownership of assets.
The CVM has stated that in order for crypto assets to be included in investment fund portfolios, they must meet certain criteria outlined in a new regulatory framework set forth by a law passed by the outgoing Brazilian President, Jair Bolsonaro.
The Brazilian Securities and Exchange Commission has recently released a new regulatory framework for investment funds and has approved the inclusion of crypto assets in these funds. The regulator emphasised the importance of maintaining control over the presence, integrity, and ownership of assets in this new market segment.
Crypto assets must meet certain criteria in order to be included in an investment fund portfolio in accordance with the regulatory framework for the sector approved by President Bolsonaro.
Crypto assets may be included in investment funds if they are traded through entities that are authorised by the Brazilian central bank or the CVM or through a local supervisor in the case of operations conducted in another country.
