Catenaa, Saturday, February 08, 2025 – A proposed bill in Brazil could allow domestic investment funds to allocate capital to cryptocurrencies, including Bitcoin, marking a major shift in the nation’s financial sector.
Drafted by lawmaker Adriana Ventura of the libertarian NOVO party, the bill seeks to address increasing demand for digital assets among institutional investors.
It proposes permitting funds to acquire crypto from registered firms, which Ventura says would drive financial innovation, enhance market competitiveness and encourage diversified investment strategies.
Currently, major Brazilian institutional investors are restricted from direct crypto exposure, a stance critics argue is outdated given the country’s booming retail digital asset market.
Brazil is widely considered the largest crypto market in Latin America.
Despite NOVO’s small representation in Congress, support for crypto is growing among lawmakers and regulators. Last month, officials announced plans to overhaul crypto tax laws, with new measures expected by the first quarter of 2025.
While the bill’s prospects remain uncertain, its introduction signals a shifting regulatory landscape that could bring Brazil closer to institutional crypto adoption.
