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Deputy proposes that Brazil have a strategic reserve with 5% in Bitcoin
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Federal deputy Eros Biondini presented a bill to create the Sovereign Strategic Bitcoin Reserve (RESBit) in Brazil.
The proposal aims to integrate up to 5% of Brazil’s international reserves in Bitcoin. The objective is to diversify the National Treasury’s financial assets, as well as protect the national economy from exchange rate fluctuations and geopolitical risks.
As the project highlights, the Bitcoin adoption will bring strategic benefits. According to deputy Eron Biondini, the initiative will position Brazil as a leader in financial innovation, while at the same time allowing the strengthening of economic reserves in an increasingly unstable global scenario.
RESBit will also aim to promote use of blockchain technology in the countryintegrating it into the public and private sectors.
Objectives of the Bitcoin Reserve Project
The movement follows a similar proposal in the US in which Senator Cynthia Lummis, from the state of Wyoming, presented the proposal to create a strategic Bitcoin reserve for the United States.
The bill presents clear objectives for the management and use of RESBit. In addition to protecting foreign exchange reserves, the initiative seeks to provide backing for Real Digital, the Brazilian digital currency.
The acquisition of Bitcoins will be carried out gradually and planned, respecting the Fiscal Responsibility Lawto guarantee the country’s economic security.
Another highlighted point is the mandatory transparency. The Central Bank and the Ministry of Finance must submit semi-annual reports detailed information to the National Congress and society, covering everything from the security of digital wallets to the financial performance of assets.
The proposal argues that the adoption of Bitcoin in Brazilian reserves could bring substantial gains. Among them, the deputy highlights the diversification of international reserves, reducing Brazil’s exposure to fluctuations in the dollar and external risks. Furthermore, the measure may attract foreign investment and consolidate the country as a reference in cryptoeconomics.
Other countries, such as El Salvador, have already adopted Bitcoin as part of their financial strategy. Despite facing initial challenges, these cases show potential for financial inclusion and innovation. RESBit’s proposal follows the same line, adapting to the Brazilian economic reality.
Deputy proposes that Brazil have a strategic reserve with 5% in Bitcoin
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Deputy proposes that Brazil have a strategic reserve with 5% in Bitcoin
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Deputy proposes that Brazil have a strategic reserve with 5% in Bitcoin
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Deputy proposes that Brazil have a strategic reserve with 5% in Bitcoin
