- Brazil proposes $19 billion Bitcoin reserve.
- Public hearing scheduled for August 20, 2025.
- Central bank and finance ministry involved.
Brazil’s Chamber of Deputies will hold a public hearing on August 20, 2025, to discuss allocating up to 5% of its national reserves to Bitcoin. The initiative involves key government bodies and aims to replicate successful strategies seen in El Salvador.
Brazil’s proposed Bitcoin Strategic Reserve aims to allocate funds and diversify national reserves, potentially affecting global markets. The hearing could influence other nations’ approaches to digital assets.
The proposed $19 billion Bitcoin Strategic Reserve involves reallocating up to 5% of Brazil’s national reserves. Leading this initiative are Deputy Eros Biondini, who introduced the bill, and Deputy Luiz Philippe de Orleans e Bragança, who called for the hearing.
“Requests the holding of a public hearing with the objective of debating PL 4501/2024, which provides for the formation of a Sovereign Strategic Reserve of Bitcoins by the Federal Government and provides other measures.” – Luiz Philippe de Orleans e Bragança, Federal Deputy, Chamber of Deputies
The Central Bank of Brazil and the Ministry of Finance will manage the reserve’s custody. Speakers at the hearing include industry experts Diego Kolling and Julia Rosim. These individuals represent fintech and crypto industry perspectives.
Potential impacts include a significant influence on the Bitcoin market and a precedent for digital asset adoption by large economies. This could drive shifts in asset diversification strategies globally.
Bitcoin’s possibility of reserve inclusion reflects broader financial decentralization trends. Observers watch this hearing closely for its potential to shape regulatory frameworks and influence technological advancements. Brazil’s decision can alter digital asset strategies, impacting both financial and policy spheres.
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