$BTC 🇧🇷 Brazil is preparing a revolution in public finances!
The country's parliament has approved, in the first reading, a bill to include BTC in state reserves. If the document is finally approved, Brazil will become the first G20 country to add bitcoin to its international reserves — up to 5% of $370 billion.
The goal of the initiators: ✅ strengthen financial independence, ✅ reduce dependence on traditional assets, ✅ make cryptocurrency part of state policy.
⚡️Important: unlike El Salvador, which adopted bitcoin by presidential decree, Brazil is going through a full parliamentary process — this will provide a more stable legal basis for the new law.
🔻Cryptocurrencies are becoming increasingly integrated into the global financial system.
🇷🇺 The Central Bank of Russia has determined the schedule for the transition to the digital ruble.
From September 1, 2026: ⊹ The largest banks are required to launch operations with the digital ruble. ⊹ Trading companies with revenue of 120,000,000 rubles are required to accept payments in digital rubles.
From September 1, 2027: ⊹ All other banks with a universal license. ⊹ Trading companies with revenue of 30,000,000 rubles, if they are serviced by these banks.
From September 1, 2028: ⊹ Companies with revenue of 5,000,000 rubles, regardless of the servicing bank.
$BTC $SOL 🔧 #XRP XRP Ledger updates to version 2.5.0!
Ripple has released a new version of XRPL "Rippled", adding features that enhance decentralized exchanges (DEX) and make the network more flexible for DeFi and regulation.
Key updates:
✦ TokenEscrow — escrow for IOU and other tokens.
✦ Batch — batch transactions with atomic execution.
✦ PermissionedDEX — DEX with access control for regulatory compliance.
✦ AMMv1_3 — protection against violations when operating AMM.
✦ EnforceNFTokenTrustlineV2 — prohibition on sending NFTs without permission.
✦ PayChanCancelAfter — protection against the “resurrection” of outdated payment channels.
✦ Improved network performance: transaction relay, multisignature, and I/O.
✦ A new Bootstrap Cluster has been added to the network — XRPL Commons.
To activate the updates, 80% of validator votes are required.
🪙Why governments and companies choose Bitcoin as a reserve asset:
➖ Limited supply — only 21 million BTC. ➖ High returns — an average of 165% per year since 2009 compared to 7.6% for gold. ➖ Diversification — low correlation with traditional assets. ➖ Protection from sanctions — cannot be frozen or confiscated. ➖ Crisis resilience and technological reliability — decentralization reduces the risks of systemic failures. ➖ Low volatility — recently Bitcoin has proven to be less volatile than gold.#btc
The Bank for International Settlements (BIS) criticized stablecoins:
Stablecoins do not pass 3 key tests: ⊹ Unity: each token depends on the issuer and can trade at different rates. ⊹ Elasticity: issuance requires 100% prior backing. ⊹ Integrity: not everyone adheres to KYC/AML standards.
According to BIS specialists, stablecoins: ⊹ Undermine the monetary sovereignty of states. ⊹ Can facilitate financial crimes. ⊹ Are not suitable as a basis for the monetary system.
At the same time, they have advantages: ⊹ Programmability. ⊹ Convenience for new users. ⊹ Fast and cheap transfers (especially cross-border).
P.S. After the report was published, Circle's (issuer of USDC) shares fell by 15%.