Translation and Summary:
"Brazilian Investment Funds Get Green Light to Enter the Cryptocurrency Space"
As of October 2nd, Brazilian investment funds are now allowed to incorporate cryptocurrencies into their portfolios, thanks to Decision 175 issued by the Brazilian Securities and Exchange Commission (CVM).

This law was proposed last year and not only acknowledges the increasing interest of institutions in cryptocurrencies but also establishes a regulatory framework to ensure their safe integration.

According to local news platform "#Globo ," the new law includes some key points, such as permitting investment entities to allocate a maximum of 10% of their holdings to digital currencies. Additionally, the regulatory authority (#CVM ) mandates that investment entities can exclusively purchase cryptocurrencies from exchanges approved by the Central Bank of #Brazil or internationally recognized regulatory entities.