Another Big Country Eyes the Creation of a National Bitcoin Reserve

An increasing number of countries are considering adding Bitcoin reserves to their financial strategies, following similar discussions emerging in the United States.

Brazil is taking steps to integrate cryptocurrency into its financial system, with federal deputy Eros Biondini proposing a bill to create a Sovereign Strategic Bitcoin Reserve (RESBit).

The initiative aims to diversify Brazil’s National Treasury assets, protect against currency risks, and support the adoption of blockchain and Drex, the country’s new digital currency.

The plan involves gradually acquiring Bitcoin, capped at 5% of international reserves, with funds managed using secure cold wallets. Spending would follow strict fiscal laws, with biannual reports submitted to the National Congress. Oversight would be handled by the Central Bank and Ministry of Finance, using blockchain and AI for transparency.

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Biondini highlighted the strategic importance of this proposal, framing it as a critical step in aligning Brazil with global innovation trends.

The legislation also seeks to educate citizens about cryptocurrencies, addressing the increasing recognition of digital assets as a legitimate investment class.

By adopting a forward-thinking approach, the bill aims to position Brazil as a leader in the digital economy, leveraging blockchain’s potential for public and private sector transformation.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.