The post Brazil Advances Bill Proposing Possible Allocation of Foreign Reserves to Bitcoin appeared on BitcoinEthereumNews.com.

Brazil is making headlines with a groundbreaking legislative proposal to allocate a portion of its foreign exchange reserves to Bitcoin, signaling a potential shift in sovereign asset management. The RESBiT bill (Bill 4501/2023) aims to diversify Brazil’s reserves by investing up to 5% in Bitcoin, reflecting growing interest in digital assets within Latin America’s largest economy. According to COINOTAG, this initiative could position Brazil as a pioneering nation in sovereign Bitcoin adoption, following El Salvador’s earlier but distinct approach. Brazil’s RESBiT bill proposes allocating 5% of foreign exchange reserves to Bitcoin, marking a strategic move in sovereign digital asset adoption and financial diversification. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Brazil’s RESBiT Bill: A Strategic Move Toward Bitcoin Reserve Diversification The introduction of Bill 4501/2023, known as the RESBiT initiative, represents a significant legislative effort to incorporate Bitcoin into Brazil’s national financial strategy. By proposing to allocate up to 5% of the country’s foreign exchange reserves to Bitcoin, Brazil is exploring a novel approach to reserve diversification. Foreign exchange reserves traditionally consist of stable assets like the US dollar, Euro, and gold, which help stabilize the national currency and maintain liquidity. The RESBiT bill’s focus on Bitcoin reflects a strategic intent to hedge against inflation and currency volatility, leveraging Bitcoin’s potential as a digital store of value. This cautious allocation percentage underscores a balanced approach, aiming to capture…

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Filed under: News - @ June 18, 2025 1:22 am