The post Brazil proposes Bitcoin as a strategic reserve in the country. appeared on BitcoinEthereumNews.com.

In Brazil, the federal deputy Eros Biondini has presented a bill that aims to establish the Sovereign Strategic Reserve of Bitcoin (RESBit). In practice, this measure wants to include BTC in the financial management of the Brazilian government. Brazil and the bill proposal by Eros Biondini to include Bitcoin as a strategic reserve The federal deputy of Brazil, Eros Biondini, has presented a new bill that aims to include Bitcoin as a strategic reserve of the country.  🚨Deputado federal Eros Biondini (PL-MG) apresentou um projeto de lei propondo a criação da Reserva Estratégica Soberana de Bitcoins pelo governo brasileiro. pic.twitter.com/p17RwVeFol — Livecoins (@livecoinsBR) November 26, 2024 “The federal deputy Eros Biondini (PL-MG) has presented a bill proposing the creation of a sovereign strategic reserve of Bitcoin by the Brazilian government.” Specifically, Biondini proposed to establish a strategic sovereign Bitcoin Reserve (RESBit), in order to integrate BTC into the financial management of the Brazilian government. This is a proposal for diversification up to 5% of Brazil’s international reserves, with the planned acquisition of bitcoin.  In this way, according to Biondini, Brazil could protect itself from various currency fluctuations and geopolitical risks, as well as witness an increase in the use of blockchain technologies.  Not only that, the integration of Bitcoin as a strategic reserve of the country will serve to guarantee support for the Real Digital (Drex). Bitcoin in Brazil as the Country’s Strategic Reserve? Regarding Bitcoin as a strategic reserve of the country, Biondini wrote the following in his proposal: “The constitution of RESBit is a strategic measure that positions Brazil at the forefront of the new digital economy, reducing economic risks and expanding opportunities for technological and financial development. The approval of this project is essential to ensure the economic sovereignty of the country and align Brazil with global…

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Filed under: News - @ November 27, 2024 9:26 am