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Brazil Gives Investment Funds Green Light to [Indirectly] Buy Bitcoin

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Brazil’s securities regulator, Comissão de Valores Mobiliários (CVM), has reportedly authorized investment funds to indirectly put their money in the cryptocurrency ecosystem, through the acquisition of derivatives and foreign funds. Brazilian Funds Can Now Gain Exposure to Cryptocurrency According to a circular issued by the Finance Ministry of Brazil, first spotted by local news outlet

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