- Brazil has proposed a national Bitcoin reserve to diversify assets and embrace digital finance
- Global Bitcoin adoption is rising, with nations integrating cryptocurrencies into financial and governance systems
Brazil is taking a bold step towards embracing the digital economy with a new proposal. This is aimed at establishing a national Bitcoin [BTC ($89,511.00)] reserve, called the Bitcoin Sovereign Strategic Reserve (RESBit).
Introduced by Congressman Eros Biondini on 25 November, the initiative aims to diversify Brazil’s Treasury assets and position the country as a global financial leader.
Designed to mitigate economic risks and unlock opportunities for technological growth, the plan underscores the importance of aligning with global trends in digital finance.
Brazil’s Bitcoin adoption grows strong
The bill proposes a measured strategy for establishing Brazil’s Bitcoin Sovereign Strategic Reserve (RESBit), with up to 5% of the nation’s reserves allocated to BTC.
That being said, the responsibility for managing this reserve would rest with the Central Bank of Brazil. This will ensure secure storage...
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