Brazil Regulator Prohibits Funds from Investing in Cryptocurrencies

http://ift.tt/2hWVlwd elaborated: “Cryptocurrencies cannot be considered financial assets, regulator CVM ruled, in effect barring funds from investing directly in assets such as bitcoin.” Furthermore, local funds interested in investing in cryptocurrencies indirectly by taking a stake in foreign funds should await further ...

from http://ift.tt/2D0DfUY