US EditionBrazil Proposes National Bitcoin Reserve, Targets 1 Million BTC Over Five Years
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12 Articles
Brazil Revives Bill 4501 to Accumulate 1 Million BTC for Strategic National Reserve
Brazil reintroduces Bill 4501 to build a 1 million BTC strategic reserve over five years. The proposal allows tax payments in Bitcoin and bans the sale of seized BTC. The plan links Bitcoin reserves to Drex and expands mining and corporate incentives. Brazil’s Congress has revived Bill 4501/2024 to create a Strategic Sovereign Bitcoin Reserve known as RESbit. The proposal authorizes the acquisition of up to 1 million BTC over five years. Lawmake…
Brazil Advances Bill to Build 1-Million Bitcoin Sovereign Reserve Bitcoin News ETHNews
A proposal to create a Sovereign Strategic Bitcoin Reserve (RESBit) is moving through Brazil’s Congress, and the latest draft significantly expands the original scope. Instead of allocating up to 5% of international reserves, the revised version calls for the gradual acquisition of at least 1,000,000 Bitcoin over five years. If implemented at full scale, the plan would position Brazil among the largest sovereign holders of Bitcoin globally. What…
Brazilian Lawmakers Move to Create Massive National Bitcoin
Brazil is considering a legislative plan to build a massive national Bitcoin reserve. The bill stresses transparency, robust security, and incentives for public crypto involvement. Continue Reading:Brazilian Lawmakers Move to Create Massive National Bitcoin Reserve The post Brazilian Lawmakers Move...
Key points of the news Strategic proposal: Brazil has reactivated legislation to create a Sovereign Bitcoin Strategic Reserve (RESBit) that would authorize the acquisition of up to 1 million BTC (or 5% of its international reserves).Dynamic of the debate: Defenders highlight financial sovereignty and protection against inflation, while critics warn about tax risks and volatility of the crypt market. Market context: Bitcoin has recently shown res…
Brazil Targets 1M BTC Strategic Reserve to Rival U.S. Bitcoin Stockpile
Brazil has reintroduced a bill to establish a national Bitcoin reserve through its Congress. The project aims to acquire 1 million BTC in five years in a gradual manner. Lawmakers supporting the move argue that it would diversify the nation’s sovereign assets and support long-term financial solvency. The draft replaces a previous version that allowed The post Brazil Targets 1M BTC Strategic Reserve to Rival U.S. Bitcoin Stockpile appeared first …
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