🇧🇷 Positive momentum is building in Brazil for a strategic bitcoin reserve! While President Luiz Inacio Lula da Silva hasn't commented directly, high-ranking officials are considering the proposal.
Pedro Giocondo Guerra, chief of staff to Vice-President Geraldo Alckmin, believes bitcoin deserves a place in Brazil's foreign reserves. He emphasized its potential as "digital gold" during the launch of the Parliamentary Front for a Competitive Brazil.
Guerra highlighted bitcoin's value as both a transactional tool and a secure store of wealth, stating it allows for efficient global wealth transfer.
Brazil was among the first to propose converting part of its foreign reserves to bitcoin, with a bill calling for a 5% allocation. Unlike the U.S. approach, this initiative seeks legislative approval for direct purchases.
What do you think about Brazil's potential move towards a bitcoin reserve? Let us know! 💬 #bitcoin #BTC
Exciting developments in Panama as the country moves to embrace cryptocurrency and blockchain! 🇵🇦 A new bill introduced by Substitute Representative Gabriel Solis aims to establish a regulatory framework to promote a digital economy.
This legislation defines key crypto concepts, sets licensing requirements for virtual asset service providers (VASPs), and proposes tax incentives for crypto-linked companies.
Solis emphasizes that this isn't just about the future—it's about creating legal certainty and transparency in the present. The bill also envisions using blockchain for property registries, public document verification, and more!
After a previous crypto bill faced a veto, this new initiative could position Panama alongside countries like El Salvador and Brazil in the crypto regulation landscape.
What are your thoughts on Panama's push for a digital economy? Let us know! 💬
#news Ripple partners with Nigerian fintech Chipper Cash to revolutionize cross-border payments into Africa! Millions of Chipper Cash users can now receive funds from around the world faster and at lower costs using Ripple Payments.
This collaboration reduces the time, friction, and fees of transferring value into Africa, empowering businesses and individuals while driving innovation and financial inclusion. 🚀💡
Ripple’s global reach spans 90 payout markets, managing over 90% of daily FX volume ($70B+). Blockchain technology is unlocking new opportunities for economic growth across Africa.
What does this partnership mean for the future of digital payments in Africa? Share your insights!
#bitcoin #BTC JUST IN: 🇺🇸 Presidential Council’s Executive Director says that if the USA hadn't sold nearly 200,000 BTC, it would be worth $17 billion today.
#BTC $BTC The market shows that BTC broke through $87,000 and is now at $87,010.61, up 0.35% in 24 hours, the market fluctuates a lot, please do a good job of risk control.
#BTC #solana APOLLO, Zeus Network's DeFi liquidity platform for Bitcoin on Solana, is pushing to expand the BTC ecosystem on the Solana blockchain, according to official news #BTC #sol