PSB, PSB, Pedro Giocondo Gouraa, stressed the importance of establishing a strategic national reserve for bitcoin. Be to talk At the oath of the constitutional ceremony of the new FPBC (Parliamentary Front for Competitiveness), Deputy Júlio Lopes (PP-RJ), while the government of President Luiz Inacio Lula Da Silva (PT) is represented.
“A strict discussion of the sovereign reserve constitution for the value of bitcoin in the public interest and will be decisive to our prosperity. After all, bitcoin is considered digital gold, and the Internet is gold. It is a technique that allows us to transfer wealth from one side from the planet to the other quickly and store the fruits of our work efficiently and reach safety.”
Will Brazil get a strategic bitcoin reserve?
His remarks shed light on the core attractiveness of Bitcoin – especially its digital scarcity and contraction design, unlike the Fiat currencies that can be printed as desired. Indeed, the official BTC reserves may enhance the country’s flexibility and the ability to adapt, especially amid economic and global jius.
It is worth noting that the Eros Biondini (PL-MG) member has provided PL 4501/2024, which will allow the creation of a sovereign strategic reserves from Bitcoins- Reference in the bill as respit. According to Biondini, the primary goal is to protect Brazil against currency fluctuations and geopolitical doubts by diversifying international government reserves.
The text suggests a limit of 5 % of the country’s international reserves – which reached a total of $ 366 billion in December – for bitcoin acquisitions. If it passes, Brazil will be declared to invest as up to $ 18.3 billion in Bitcoin, based on the evaluation of the reserve at the time of drafting the bill.
Currently reviewed by Rapporteur Luiz Gastão (PSD-CE) at the Economic Development Committee in the lower parliament, the draft law determines instructions for gradual acquisition and confirms strong security measures, using cold governor and advanced monitoring on AI-and Blockchain.
The legislation clarifies how the Central Bank and the Ministry of Finance will jointly manage ResBIT, which guarantees transparency through regular annual reports for both the public and Congress. In addition, the text addresses the need for educational programs and innovation, including specialized training courses on Blockchain, encryption economics, and cybersecurity, as well as incentives such as tax advantages of emerging companies related to encryption companies.
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A technical advisory committee consisting of experts in Blockchain, digital economy and cyber security will be established to ensure strict supervision and enhance cooperation with international organizers and research institutions. The proposal is martyred in global precedents, such as Al Salvador’s adoption of Bitcoin as a legal tender, the United States’ approval of the investment funds circulating in the United States, investment in China in efforts in the digital currency, Dubai’s success in developing a suitable business environment, and the European Union’s regulatory framework for digital forward.
In the justification section, the draft law argues that Brazil is already one of the countries with the highest rate of accreditation of encrypted currency, however, government policy did not keep pace with the rapid development of this market.
According to the text, “the construction of the Resban will allow Brazil to diversify its international reserves, which reduces exposure to foreign exchange fluctuations and geopolitical risks with an increase in economic flexibility. This measure will also lead to the position of Brazil as a regional leader in financial and technological innovation, attracting foreign investment and enhancing our presence in the digital economy.”
At the time of the press, BTC was traded at $ 86,205.
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