MP Adriana Ventura has introduced a proposal allowing Brazilian funds to invest in cryptocurrencies such as Bitcoin (BTC). The bill aims to create a regulated environment that meets growing demand among investment funds, promoting innovation and competitiveness in Brazil’s financial sector.

The draft bill seeks to help offset losses and increase the tax exemption limit on earnings from stock transactions. It is positioned to align Brazil with global trends, acknowledging cryptocurrencies as legitimate assets and potentially boosting the competitiveness of the domestic market.