Porvenir provides Bitcoin publicity through IBIT as Canada considers banning crypto ATMs to curb fraud and laundering dangers
Colombia’s largest pension fund supervisor has launched a crypto-linked portfolio, whereas Canada is weighing a crypto ATM ban.
The strikes present two completely different coverage paths as digital belongings enter pensions, cost corporations, public portfolios, and fraud controls throughout main markets.
Colombia Pension Fund Provides Bitcoin Publicity
Porvenir, Colombia’s largest pension fund supervisor, has launched a crypto funding portfolio for voluntary pension accounts.
The product provides customers oblique Bitcoin publicity via BlackRock’s IBIT.
The portfolio requires a minimal funding of 100,000 Colombian pesos, or about $25. Customers should additionally full a danger evaluation earlier than becoming a member of the product.
Porvenir mentioned the product is geared toward youthful traders between 18 and 45. The corporate additionally cited rising crypto use throughout Latin America as a part of the explanation.
WuBlockchain Weekly: Colombia’s Largest Pension Fund Launches Crypto Portfolio, Canada Proposes Crypto ATM Ban, PayPal Establishes Standalone Crypto Division, EU Expands Crypto Sanctions, Web3 Gaming Sector Contracts Sharply. pic.twitter.com/Sb7a7yIlJ0
— Wu Blockchain (@WuBlockchain) Could 1, 2026
In keeping with the report, Latin America now has about 79 million crypto customers. That determine marks a 64% year-on-year rise within the area.
Different native pension corporations, together with Protección and Skandia, have launched comparable merchandise. These corporations have framed them as long-term asset allocation instruments for voluntary pension customers.
The event follows one other comparable report involving a public fund and crypto-linked belongings.
Canada’s sovereign wealth fund AIMCo disclosed a $219 million stake in MicroStrategy, which holds massive Bitcoin reserves.
Canada Weighs Crypto ATM Ban
Canada is contemplating a ban on cryptocurrency ATMs as a part of its fraud management plans. The proposal appeared within the nation’s 2026 Spring Financial Replace.
The federal government mentioned crypto ATMs have develop into a key channel for fraud and cash laundering. It mentioned scammers use the machines to maneuver funds from victims.
Canada presently has almost 4,000 crypto ATMs. The report mentioned that is the very best per capita price on the earth.
FINTRAC evaluation discovered that crypto ATMs are used for laundering and fraud-related outflows. The company tracks monetary crime and suspicious transactions in Canada.
Canadian police additionally warned about crypto asset restoration scams utilizing the RCMP emblem. These scams goal individuals who have already misplaced cash.
In a single case, a resident misplaced about 5,000 Canadian {dollars} in a distant work rip-off. The particular person later acquired a faux restoration supply after submitting a false RCMP type.
Police mentioned the RCMP doesn’t contact folks about detected crypto accounts. It additionally doesn’t request funds for fraud investigations.
Learn Additionally:
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Regulation, Crypto Companies, And Market Information Transfer Collectively
The U.S. CLARITY Act stays below shut watch after restricted public progress in April. Could is considered as an essential interval for the invoice.
Greater than 100 crypto teams signed an open letter final week. They urged the Senate Banking Committee to carry a assessment listening to.
The Trump administration can also be advancing plans for a Strategic Bitcoin Reserve. A reported proposal could classify about 200,000 seized Bitcoin as nationwide reserve belongings.
The European Union has adopted its twentieth sanctions towards Russia. The package deal contains broad crypto restrictions and bans Russian crypto service suppliers.
PayPal has introduced a brand new enterprise construction with a standalone crypto division. The unit contains PYUSD, Braintree, and cost processing providers.
Robinhood reported first-quarter 2026 income of $1.07 billion, up 15% year-on-year. Its crypto income fell 47% to $134 million.
The Web3 gaming sector additionally contracted sharply, in accordance with Caladan. The report mentioned about 93% of initiatives at the moment are defunct.