Brazilian authorities clarify rules for investments in cryptoassets by Brazilian investment funds
The Securities and Exchange Commission of Brazil (“CVM”) issued today (09/19/2018) the Official Letter nº 11/2018 clarifying to the investment funds, regulated under IN CVM nº 555, the requirements to indirect investments in cryptoassets. According to CVM, the investment funds are authorized to effect indirect investments in cryptoassets through acquisition of quotas of investment funds […]