Brazil and Indonesia weigh the establishment of strategic bitcoin reserves star-news.press/wp

Many countries, including Indonesia and Brazil, explore the creation of Bitcoin strategic reserves to enhance economic flexibility and modernize financial infrastructure.

Will Indonesia create a strategic reserve for bitcoin?

Bitcoin Indonesia, a local encryption group, recently met with officials from the office of Vice President of Indonesia, Gibran Rakabuming Raka, to present a national strategy Bitcoin.

Indonesia currently evaluates whether Bitcoin can be integrated within its national reserve framework, although the concept remains at an early stage.

“Yes, seriously. (Indonesia) is looking at how bitcoin can feed the long -term economic power.” books On x.

During the meeting, Bitcoin Indonesia representatives presented arguments to use the surplus of renewable energy to support and accumulate bitcoin mining.

The delegation also distributed educational materials such as bitcoin and changing global order, which confirms the importance of general understanding and institutional support.

According to what was reported, an actor agreed from the Vice President’s office, saying that Indonesia should continue to education around Bitcoin in the future.

While Indonesia currently allows the trading of cryptocurrency, it prohibits its use as a form of payment, which is the organization that has been applied since 2017. However, the increasing institutional interests and local energy strategies have opened the door to the deeper participation in the bitcoin economy.

The US interest raises the global trend

The interest of Indonesia comes months after the United States announced the establishment of its strategic Bitcoin reserves. This step, which was authorized by an executive order signed by President Donald Trump, was a turning point in the role of Bitcoin in the national economic strategy.

Many governments view Bitcoin reserves as hedging against external shocks, including reducing the value of the currency, inflation and geopolitical instability. Unlike the Fiat currencies, Bitcoin operates outside the central banking systems and provides sovereign control over digital wealth.

For countries with unexploited energy resources or weak national currencies, Bitcoin provides diversification and strategic option.

The rise of institutional coding, infrastructure for encryption, and global organizational clarity, also contributed to the feasibility of the sovereign bitcoin reserves.

In some judicial states, Bitcoin was viewed as a tool to attract foreign investment, modernize digital infrastructure, and participate in the emerging digital economy on favorable conditions.

Experts have long speculated that the US decision to create a strategic bitcoin reserve will lead to a global series of similar initiatives, and this trend appears to be achieved.

Brazil is close to the official bitcoin reserve legislation

Brazil is one of the latest countries that take legislative steps towards the Bitcoin National Reserve. The country is scheduled to hold a public hearing on August 20 to discuss a draft law that allows up to 5 % of the country’s treasury reserves for Bitcoin. If a year, the proposal can allow an investment of about $ 15 billion.

Six major institutions, including the Central Bank of the Central Bank, and the Ministry of Finance, are expected to participate in hearing.

However, the legislation may face a problem in passing it, as not everyone is on board. Until now, the office of Vice President Geraldo Alkain has supported the discussion that he is in the national interest, but the director of the Brazilian Central Bank of the Bank. Express About the suitability of bitcoin in the foreign reserve mixture of Brazil.

Elsewhere, officials in countries such as Pakistan, Ukraine and Sweden were vocal for their interest in exploring bitcoin reserves.