The Brazilian Representative meeting will hear on August. 20 To discuss the bill that proposes a national bitcoin reserve in the country.
On the website of the house, at least six institutions are slaughtered to participate, including the Central Bank of Brazil, the Ministry of Finance, a Crypto Advocates Association and Representatives of the Finntech companies and banking sector.
The bill launched in November 2024, allows up to 5% of the country’s Treasury Fund to buy bitcoins, which translated for a possible investment of about $ 15 billion for a total reserves of about $ 300 billion about the total reserves of the Central Bank as of February.
For the bill, Cryptocurrency Reserve Reservation “Safety International Store exchange rates and against geopolitical risks” and “promote the use of blockan technologies in public and public and private sector”.
https://www.youtube.com/watch?v=gu3jr-dtke
If you approve by MPs in the House, the law was taken by the upper chamber in the Senate, the upper chamber, first, law or Brazilian president Inecio ‘Lula’ da Silva.
The idea of bitcoin reserve in the country is fulfilled with mixed response.
The statement quoted by Poder360 stated, “It is in public interest to debate the creation of a sovereign bitcoin reserve and is important for the prosperity of Brazil.” “After all, bitcoin is digital gold, internet gold.”
However, Nilton David, director of Brazil’s central bank monetary policy, allegedly stated that it would be unfair to include crypto property in the country’s foreign exchange reserves.
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National bitcoin reserves in other counties
US President Donald Trump signed an executive order in March to create a national strategic bitcoin reserve, other countries followed the suit to follow the suit or another to develop themselves.
In June, a government news agency revealed that Kazakhstan plans to launch a strategic bitcoin reserve, which is likely to be from seeds with seeds. Bitcoin Reserve Insillaud India and other countries stuck in Sweden.
In descending order, the six counties with most bitcoins are the United States, China, United Kingdom, Ukraine, Bhutan and Al Salvador.
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