Brazil has officially barred a major category of pension funds from investing in cryptocurrencies, citing risk concerns and the need to preserve long-term financial stability. The country’s top financial policy body, the National Monetary Council (CMN), announced the decision under Resolution 5.202/2025, published last week. The resolution prohibits Entidades Fechadas de Previdência Complementar (EFPCs)—which manage retirement savings for unionized and company-affiliated workers—from allocating any part of their guarantee reserves to digital assets such as Bitcoin (BTC). The move signals a more conservative shift in ... (full story)