💥Bitcoin advances towards approval as a strategic reserve in Brazil.
The South American country is promoting a sovereign fund based on the digital currency, advancing in Congress after a historic debate.
👉 The fund will use seized BTC, with a technical committee to ensure security and transparency.
👉 The initiative positions Brazil as a pioneer in digital finance, fostering stability.
Brazil marked a milestone in South America by launching the first public hearing on a bill (PL 01/2025) that proposes the creation of a Strategic and Sovereign Bitcoin Reserve (RESBit). If the initiative, driven by Deputy Eros Biondini, is approved, it would allow the country to allocate up to 5% of its reserves, equivalent to 17 billion dollars.
