Nikolas Sargeant
Brazilian lawmaker Adriana Ventura has introduced a draft bill that could allow investment funds in Brazil to legally invest in cryptocurrencies, including Bitcoin. The bill, published on the Brazilian parliament’s website, is designed to meet the growing demand from institutional investors looking to diversify their portfolios and capitalize on the rapid expansion of the crypto market in Latin America. Ventura’s proposal aims to ensure a regulated and safe environment for crypto investments, which would strengthen Brazil’s position in the region’s evolving digital asset space.
Currently, Brazilian institutional investors are restricted from directly purchasing cryptocurrencies, despite the country’s thriving retail crypto market. The draft bill would enable investment funds registered in Brazil to acquire cryptocurrencies from licensed firms operating within the country. If passed, the legislation would align Brazil with the global trend of recognizing cryptocurrencies as legitimate financial assets and help enhance the competitiveness of the domestic investment market.
The proposal comes as Brazil’s crypto-friendly environment continues to gain momentum, with regulators already working on crypto tax reforms expected to be announced by Q1 2025. While the bill’s passage is still uncertain, it signals the potential for significant progress toward institutional crypto adoption in Brazil, including a bill proposing a Bitcoin reserve in Brazil. This shift would not only boost Brazil’s leadership in the Latin American crypto market but also set the stage for more widespread recognition of digital assets in the country’s financial ecosystem.
If the bill becomes law, it would mark a significant step forward for crypto adoption in Brazil, making it one of the first major Latin American economies to allow institutional investors to directly engage in the growing digital asset market. This move could solidify Brazil’s role as a key player in the global crypto space.
