Internet reports, Cryptonews reports that Adriana Ventura, a member of the state of Sao Paulo, Brazil, has submitted a bill to Parliament proposing to allow investment funds registered in Brazil to purchase cryptocurrencies. Ventura said the proposal aims to meet the growing demand and interest of investment funds in cryptocurrencies, help financial innovation, encourage the development of more complex products, and diversify investment strategies. Currently, major institutional investors in Brazil are not yet able to directly invest in cryptocurrencies. It remains unclear whether the bill will be passed, but Brazil's cryptocurrency community is growing rapidly and more lawmakers are beginning to take a positive attitude towards regulation.