🇧🇷 Breaking: Brazil’s Congress (@CamaraDeputados) is debating Bill 4501/2024 — proposing up to 5% ($16.4B) of foreign exchange reserves be allocated to #Bitcoin, managed by @BancoCentralBR & Ministry of Finance.

@BancoCentralBR opposes, citing high volatility & risks to monetary policy credibility.

Bill remains under review.

#Bitcoin #CryptoNews #Brazil #Web3