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Brazil debates hearing on national Bitcoin reserve
The Chamber of Deputies of Brazil will hold a public hearing on August 20, 2025, to analyze the proposal to create a sovereign strategic reserve of #RESBit
The PL 4501/2024 project seeks to allow up to 5% of the country's international reserves (equivalent to ~15 billion USD) to be allocated to BTC under the custody of the Central Bank with transparency, semi-annual audits, and storage in cold wallets
According to Blockviews, citing the chief of staff of Vice President Pedro Giocondo Guerra, Bitcoin is seen as digital gold and a key asset to enhance Brazil's economic resilience
The PL 4501/2024 project seeks to allow up to 5% of the country's international reserves (equivalent to ~15 billion USD) to be allocated to BTC under the custody of the Central Bank with transparency, semi-annual audits, and storage in cold wallets
According to Blockviews, citing the chief of staff of Vice President Pedro Giocondo Guerra, Bitcoin is seen as digital gold and a key asset to enhance Brazil's economic resilience
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