Brazil Holds Historical First Bitcoin Strategic Reserve Hearing On August 20th
Brazil's parliament is set to hold its first hearing on a proposed national Bitcoin strategic reserve on August 20. The bill, introduced by pro-crypto lawmaker Eros Biondini, aims to allow the Treasury to allocate up to 5% of international reserves to Bitcoin and other secure cryptoassets. The hearing will feature key figures from Brazil's finance and crypto sectors, reflecting a significant shift in the country's economic policy towards digital assets. However, the proposal faces a challenging legislative process before it can become law.
CoinLive·