Brazil is discussing the Bitcoin Huge Strategy Reserve of $ 19 billion – Will the domination of the dollar be challenged? star-news.press/wp
Journalist
Hassan Shito
Journalist
Hassan Shito
Involve
Brazil is heading towards establishing a 19 billion dollar strategic reserves, after a general hearing held on August 20. The sessions, led by the Economic Development Committee in the House of Representatives in Brazilia, brought together legislators, economists and digital asset experts to discuss Bill 4501/24, which suggests the use of Bitcoin to manage the Brazil’s Treasure Thervater.
If approved, Brazil will join El Salvador, the United States, China, the European Union and Dubai in exploring government backed bids, indicating a major step in adopting digital assets as part of national economic planning.
Bitcoin reserves 19 billion dollars, as a treasury hedge against the dollar, where Resistance faces a multi -committee examination
This initiative, which is composed by PL-MG deputy and was submitted for discussion by Representative Louise Philip de Orleans E Praghan (PL), imagines the Bitcoin Reserve of $ 18.6 to $ 19 billion.
The plan is developing Bitcoin as a “digital commodity” similar to gold, with the aim of diversifying the financial reserves of Brazil, surrounding currency fluctuations, and isolates the economy from geopolitical shocks.
According to the proposal, the Central Bank of Brazil and the Ministry of Finance will supervise the nursery and asset management, publish semi -annual reports on performance, risk exposure, and strategic impact. Supporters argue that this transparency can enhance confidence in the initiative and establish it within the measures of broader financial stability.
Legislators Duplicate To international examples, including El Salvador’s adoption of Bitcoin as legal and experimental backup initiatives in the United States and Asia, to frame Resident as part of a global batch to integrate cryptocurrencies into sovereign public budgets.
Supporters described Bitcoin as protection against cash inflation and dominating the dollar, indicating that the digital reserve can enhance the long -term financial sovereignty in Brazil.
Industry experts have admitted a call to the hearing, including Méliuz and Julia Rosim from ABCRIPTO and Bitso, Bitcoin and decentralization as possible benefits in the long run, but have warned against legislators for their well -known fluctuations and security risks.
They emphasized that the nursery frameworks, liquidity management, and protection of cybersecurity will be decisive to prevent financial exposure.
It is worth noting that the draft law faces a multiple comprehensive review of the committee before reaching the full chamber to vote.
Four strong bodies – the Economic Development Committee, the Science, Technology and Innovation Committee, the Finance and Tax Committee, the Constitution, Justice and Citizenship Committee – must be cleared before applying to the Senate. Each stage provides opportunities for technical amendments and political negotiation.
Critics have warned in the session of the broader financial implications, on the pretext that converting approximately $ 19 billion into bitcoin can restrict infrastructure financing and social programs while exposing public financial resources to sudden swing in the encryption markets.
Others reported transparency and accountability as possible weaknesses, indicating the need for strong reports and supervision if the reserve advances forward.
Bitcoin momentum in Latin America: Brazil to join the sovereign reserve movement
The RSBit proposed initiative in Brazil puts the country at the forefront of the encryption engine in Latin America, and joining a growing list of countries that monitor strategic bitcoin reserves. It is worth noting that Brazil is already leading the region in both trading and adoption, as it ranks tenth worldwide in the geography chain of 2024 for the encryption report.
The Brazilian Tax Authority data revealed nearly $ 76 billion in encryption transactions last year, indicating the volume of integration through its economy.
Legitimates have described the RESBIT as a decisive step to harness this momentum, with the Central Bank and the Ministry of Finance assigned to semi -cultural performance and risk to ensure supervision and alignment with fiscal policy.
Outside Brazil, many other countries have already moved to combine bitcoin at the sovereign level. El Salvador is still the main issue of Bitcoin’s sovereign adoption, which makes it a legal tender in 2021. Retailing has decreased since then from 25.7 % in 2021 to only 8.1 % in 2024, but the government continued to buy a decrease.
At the time of writing this report, her holdings were 6,275 BTC, which is worth about $ 710 million, giving her great incomplete gains and affirming her role as a pioneer of encryption.
Argentina and Venezuela also turned into Bitcoin and Stablecoins to compensate for inflation and transcend the decrease in dollars, indicating a wider regional mile.
In the United States, Bitcoin has entered state cabinets through criminal seizures, making the country the largest pregnant known for about 198,000 BTC as of July 2025. China closely follows around 194000 BTC, most of which are linked to the volatile Ponzi scheme but was sold.
Although either of them did not adopt Bitcoin as a legal tendency, their large property shows a shift in how the main economies of the original see: less than speculation, and more as a strategic reserve.
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2025-08-21 14:45:00
