Congressman proposes the creation of a national Bitcoin reserve in Brazil
A Brazillian Congressman has proposed the creation of a national Bitcoin (BTC) reserve in Brazil called Bitcoin Sovereign Strategic Reserve (RESBit – Reserva Estratégica Soberana de Bitcoins , in Portuguese), aiming to diversify the country’s Treasury. According to Portal do Bitcoin , a local media outlet, the politician, Eros Biondini, filed the proposal on Monday, November 25. “The creation of RESBit is a strategic measure that positions Brazil as a leader in the new digital economy, reducing economic risks and expanding opportunities for technological and financial development. The approval of this project is essential to guarantee the country’s economic sovereignty and align Brazil with global innovation trends,” wrote the deputy in the justification for the bill. Picks for you Trading expert believes this is just the beginning of X...