Vice President of Brazil Geraldo Alckmin (PSB), Pedro Giocondo Guerra, emphasized on Wednesday the importance of establishing the National Strategic Bitcoin Reserve. Guerra was Speech During the ceremony of curse the modern President of the FPBC (parliamentary front for competitive Brazil), deputy Júlio Lopes (PP-RJ), representing the government of President Luiz Inácio Lula da Silva (PT).
“Bitcoin’s strict debates on the constitution of the Sovereign Constitution is in the public interest and will be decisive for our prosperity. After all, Bitcoin is digital gold, gold gold. It is a technology that allows us to transfer wealth from one end of the planet to the other rapid and store the fruits of our delivery effectively and safely, effectively and safely found Guerra.
Will Brazil receive a strategic Bitcoin reserve?
His remarks are emphasized by Bitcoin’s internal charm – especially his digital deficiency and deflating design, as opposed to Fiat currencies, which can be printed in Wola. Guerra noticed that the BTC official reserve can strengthen the resistance and adaptation of the country, especially among global economic and geopolitical fluctuations.
In particular, Congressmen Eros Bondini (PL-MG) introduced PL 4501/2024, which would allow the creation of a sovereign strategic Bitcoin reserve-recovering to the account as a resbit. According to Bondini, the main goal is to protect Brazil against currency fluctuations and geopolitical uncertainty by diversifying the government’s international reserves.
The text is proposed by a limit of 5% of international national reserves – which in December amounted to $ 366 billion – to take Bitcoin. If it passed, Brazil would be authorized to invest as much as 18.3 billion dollars in Bitcoin, based on the valuation of the reserve at the time of the bill.
Currently reviewed by RapPorteur Luiz Gastão (PSD-CE) in the Committee on Economic Development of the Lower Chamber, the Act presents guidelines for gradual acquisition and emphasizes solid security measures, using cool wallets and advanced monitoring based on AI and blockchain.
Legislation describes how the Central Bank and the Ministry of Finance would jointly manage the springs, providing transparency through regular biiannetal reports to both society and Congress. In addition, the text deals with the need for educational and groundbreaking programs, including specialized courses on blockchain, crypto-economy and cyber security, as well as incentives such as tax benefits for start-ups related to cryptocurrencies.
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The Technical Advisory Committee consisting of experts in the field of blockchain, digital economy and cyber security would also be established to ensure exacting supervision and support cooperation with international regulatory bodies and research institutions. The proposal cites global precedents, such as the reception of Bitcoin by Elvador as a legal tender, approval by the United States ETF BTC, investments in China in blockchain and digital currency efforts, Dubai’s success in developing a blockchain cordial business and EU regulatory regulatory frames for digital resources.
In the justification section, the Act claims that Brazil is already one of the countries with the highest pace of receiving cryptocurrencies, but government policy has not met the rapid evolution of this market.
According to the text “Creating a resbit will allow Brazil to diversify international reserves, reducing exposure to currency exchange and geopolitical risk while increasing economic resistance. This agent also positions Brazil as a regional leader of financial and technological innovations, attracting external investments and strengthen our presence in digital economy.”
In the BTC press it traded at USD 86 205.
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