Brazil’s Deputy President Geraldo Alckmins (PSB) Chief of Staff, Pedro Giocondo Guerra, on Wednesday emphasized the importance of establishing a national strategic Bitcoin reserve. Gerra was speech At the new president of the new President of the FPBC (Parliamentary Front for competitive Brazil), Vice Júlio Lopes (PP-RJ), while president Luiz Inácio Lula da Silva represents.
“Debate the Constitution for a sovereign reserve of Bitcoin value is in the public interest and will be crucial to our prosperity. After all, Bitcoin is digital gold, the gold on the Internet. It is a technique that allows us to transmit wealth from one end of the plan to the other quickly and store the fruits of our work and safe.
Will Brazil get a strategic Bitcoin reserve?
His comments emphasized Bitcoin’s inherent appeal – especially its digital scarcity and deflationary design, as opposed to Fiat currencies that can be printed at any time. Guerra noted that an official BTC reserve can strengthen the country’s resilience and adaptability, especially among global economic and geopolitical fluctuations.
Noteworthy has the congressman Eros Biondini (PL-MG) Introduced PL 4501/2024Which would enable the creation of a superb strategic reserve of bitcoins – referred to the bill as a resite. According to Biondini, the primary goal is to protect Brazil from currency fluctuations and geopolitical uncertainties by diversifying the government’s international reserves.
The text proposes a limit of 5% of the country’s international reserves – which amounted to $ 366 billion in December – for Bitcoin acquisition. If it passes, Brazil would be eligible to invest as much as $ 18.3 billion in Bitcoin, based on the reserve valuation when the bill was prepared.
Currently, during the review of the Reporteur Luiz Gastão (PSD-CE) in the Underhus Economic Development Committee, the bill proposes guidelines for gradually acquisitions and emphasizes robust security measures, uses cold wallets and advanced AI and blockchain-based surveillance.
The legislation describes how the Central Bank and the Ministry of Finance would jointly handle Resbit and ensure openness through regular two -year reports to both the public and the congress. In addition, the text addresses the need for educational and innovation programs, including specialized courses on blockchain, crypto economy and cyber security, as well as incentives as tax benefits for crypto-related startups.
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A technical counseling committee consisting of experts in blockchain, digital economy and cyber security would also be set up to ensure rigorous monitoring and to promote cooperation with international supervisory authorities and research institutions. The proposal quotes global precedents, for example El Salvador’s adoption of Bitcoin as legal tender, US approval of BTC ETFs, China’s investment in blockchain and digital currency efforts, Dubai’s success in developing a blockchain-friendly business environment and EU regulations for digital assets.
In its justification sections, the bill claims that Brazil is already one of the countries with Highest speed of adoption of cryptocurrencyNevertheless, government policy has not kept in line with the rapid development of this market.
According to the text, “The creation of Resbit will enable Brazil to diversify its international reserves, reduce exposure to foreign currency fluctuations and geopolitical risks while increasing the economic resilience. This measure will also position Brazil as a regional leader in financial and technical innovation, attract external investments in the
At press time, BTC traded to $ 86 205.
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