Brazil Mulls $BTC Reserve Plan — Critical Meeting Planned for August 20
Brazilian officials are getting ready to look into a daring new policy: putting some of the national funds into Bitcoin. A key meeting will happen on August 20 in the lower house where big players—like the Central Bank, Finance Ministry, fintech bosses, and crypto supporters—will share their thoughts on the idea.
If it gets the green light, the bill might allow up to 5% of Brazil's $300 billion in savings to be kept in BTC—leading to a $15 billion stake.
The aim? To cut down on risks from money value changes and world politics, while pushing for more blockchain use in government and business.
This could be a big moment for Bitcoin on the world stage.
