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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 #Bitcoin RESBit
The project PL 4501/2024 aims 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 improve Brazil's economic resilience
However, the director of monetary policy of the Brazilian central bank, Nilton David, has already expressed concerns about the volatility of $BTC
The initiative includes monitoring with AI, secure management, and education on blockchain and cryptocurrencies as part of the institutional push
If it progresses, Brazil could join other emerging economies like El Salvador and Kazakhstan, which are already exploring similar models
This hearing is a milestone that could catapult Brazil to the forefront of financial innovation in Latin America and set a regulatory precedent for countries adopting crypto
$BTC
$ETH
📌 #RESBitBrasil #BitcoinReserva #CryptoPolítica #BinanceSquare
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 #Bitcoin RESBit
The project PL 4501/2024 aims 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 improve Brazil's economic resilience
However, the director of monetary policy of the Brazilian central bank, Nilton David, has already expressed concerns about the volatility of $BTC
The initiative includes monitoring with AI, secure management, and education on blockchain and cryptocurrencies as part of the institutional push
If it progresses, Brazil could join other emerging economies like El Salvador and Kazakhstan, which are already exploring similar models
This hearing is a milestone that could catapult Brazil to the forefront of financial innovation in Latin America and set a regulatory precedent for countries adopting crypto
$BTC
$ETH
📌 #RESBitBrasil #BitcoinReserva #CryptoPolítica #BinanceSquare
See original
🇧🇷 Brazil debates public 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 bill PL 4501/2024 aims 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 transparent 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 improve Brazil's economic resilience.
However, the director of monetary policy of the Brazilian central bank, Nilton David, has already expressed reservations about the volatility of $BTC #BTC .
The initiative includes monitoring with AI, secure management, and education on blockchain and cryptocurrencies as part of the institutional push. If it progresses, Brazil could join other emerging economies like El Salvador and Kazakhstan that are already exploring similar models.
This hearing is a milestone that could catapult Brazil to the forefront of financial innovation in Latin America and set a regulatory precedent for countries adopting crypto.
📌 #RESBitBrasil #BitcoinReserva #CryptoPolítica #BinanceSquare
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 bill PL 4501/2024 aims 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 transparent 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 improve Brazil's economic resilience.
However, the director of monetary policy of the Brazilian central bank, Nilton David, has already expressed reservations about the volatility of $BTC #BTC .
The initiative includes monitoring with AI, secure management, and education on blockchain and cryptocurrencies as part of the institutional push. If it progresses, Brazil could join other emerging economies like El Salvador and Kazakhstan that are already exploring similar models.
This hearing is a milestone that could catapult Brazil to the forefront of financial innovation in Latin America and set a regulatory precedent for countries adopting crypto.
📌 #RESBitBrasil #BitcoinReserva #CryptoPolítica #BinanceSquare
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