Brazil is taking a significant step toward integrating Bitcoin into its sovereign financial strategy.
The country’s proposed Strategic Bitcoin Reserve Bill (Projeto de Lei No. 4.501/2024) has successfully cleared its first hurdle, passing the Economic Development Committee in the Chamber of Deputies.
The legislation, authored by Deputy Eros Biondini and reported by Deputy Luiz Gastão, outlines the creation of a “Sovereign Strategic Bitcoin Reserve” to be held by the federal government. If enacted, this move would position Brazil among the growing list of nations exploring BTC as a hedge or strategic asset within their national reserves.
The bill’s approval in committee marks early but crucial momentum for the initiative, as it now advances through Brazil’s legislative process. The text proposes not only reserve accumulation but also potential guidelines for custody and regulatory oversight tied to national interests.
Brazil’s legislative push aligns with a broader global trend of countries re-evaluating monetary diversification strategies amid ongoing inflationary and geopolitical pressures. Should the bill pass both legislative chambers and receive executive approval, Brazil could become the first major Latin American economy to formally hold Bitcoin as part of its treasury strategy.
This development underscores a rising institutional recognition of Bitcoin’s role in national financial architecture.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/brazil-moves-closer-to-holding-bitcoin-in-national-reserves-strategic-reserve-bill-passes-first-committee-in-chamber/