Brazil Reviews Bill for Bitcoin Sovereign Strategic Reserve

Brazil To Allocate 5% Of National Reserves To Bitcoin » News.ng

Brazil is edging closer to making history as Bill PL 4501/2024—a proposal that would allow up to 5% of the country’s $370 billion in international reserves to be held in Bitcoin—gains momentum in the Chamber of Deputies. If passed, Brazil would become the first G20 nation to formally integrate Bitcoin into its sovereign reserve strategy, potentially reshaping the global conversation around crypto adoption. The bill introduces the creation of a S…

Brazil Considers Bill to Allocate Up to 5% of Reserves for Bitcoin Sovereign Strategic Reserve

Brazil is considering a pioneering move to establish a Bitcoin Sovereign Strategic Reserve, potentially allocating up to 5% of its international reserves to Bitcoin. This initiative aims to diversify Brazil’s

Brazil Reviews Bill for Bitcoin Sovereign Strategic Reserve

Brazil considers using up to 5% of reserves for Bitcoin to mitigate economic risks.

Brazil may allocate $18.5B into Bitcoin as G20 digital asset shift accelerates

Brazil is on track to become the first G20 country to legalise the use of Bitcoin as part of its sovereign reserves, potentially committing up to 5% of its $370 billion in international holdings—equivalent to $18.5 billion—into the digital asset. A legislative proposal, Bill PL 4501/2024, has already cleared its first hurdle in the Chamber […]

Brazil Inches Toward Holding Bitcoin in National Reserves

Will Brazil become the first major economy to bet on Bitcoin as a strategic hedge against global uncertainty? The first greenlight just landed. Key Highlights: Brazil’s BTC reserve bill clears its first major hurdle in parliament, setting up the country to potentially hold BTC in its national treasury. If passed, Brazil would become the first Latin American power to adopt Bitcoin as a formal state-held asset—mirroring early El Salvador, but at a…