Brazil Proposes National Bitcoin Reserve, Targets 1 Million BTC Over Five Years

Brazil Proposes National Bitcoin Reserve, Targets 1 Million BTC Over Five Years

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Bitcoin steadies as Brazil reintroduces BTC reserve bill

Bill to buy up to 1M BTC may tighten float; analysts cite likely liquidity and custody risks. Brazil Bitcoin reserve, PL 4501/2024, Bitcoin price prediction

Brazil Revives Bill 4501 to Accumulate 1 Million BTC for Strategic National Reserve

Brazil reintroduces Bill 4501 to build a 1 million BTC strategic reserve over five years. The proposal allows tax payments in Bitcoin and bans the sale of seized BTC. The plan links Bitcoin reserves to Drex and expands mining and corporate incentives. Brazil’s Congress has revived Bill 4501/2024 to create a Strategic Sovereign Bitcoin Reserve known as RESbit. The proposal authorizes the acquisition of up to 1 million BTC over five years. Lawmake…

Brazil Advances Bill to Build 1-Million Bitcoin Sovereign Reserve Bitcoin News ETHNews

A proposal to create a Sovereign Strategic Bitcoin Reserve (RESBit) is moving through Brazil’s Congress, and the latest draft significantly expands the original scope. Instead of allocating up to 5% of international reserves, the revised version calls for the gradual acquisition of at least 1,000,000 Bitcoin over five years. If implemented at full scale, the plan would position Brazil among the largest sovereign holders of Bitcoin globally. What…

Brazilian Lawmakers Move to Create Massive National Bitcoin

Brazil is considering a legislative plan to build a massive national Bitcoin reserve. The bill stresses transparency, robust security, and incentives for public crypto involvement. Continue Reading:Brazilian Lawmakers Move to Create Massive National Bitcoin Reserve The post Brazilian Lawmakers Move...