Brazil’s Strategic Bitcoin Reserve Bill passes first committee

2025-06-12 05:37:56

Story Highlights* Brazil's Bitcoin Bill Clears First Hurdle: Bill 4501/2023 proposes allocating up to 5% of Brazil’s foreign reserves to Bitcoin via a national reserve called RESBiT.

Government Pushes Structured Crypto Adoption: The bill mandates cold wallet storage, biannual audits, and gradual adoption under Central Bank oversight.

SBR1-2.7%

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