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The reserve would be called RESBit and the objective is to “diversify the Treasury’s financial assets.
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The project provides for the planned acquisition of BTC with up to 5% of international reserves.
Brazilian deputy Eros Biondini presented a bill for the creation of a sovereign strategic reserve of Bitcoin (BTC) by the federal government, called RESBit.
The initiative seeks to diversify the financial assets of the National Treasury, protect international reserves against exchange rate fluctuations and geopolitical risks, promote the use ofBlockchain-cadena-bloques/” target=”_blank” rel=”noreferrer noopener”> blockchainboth in the public and private sectorsand ensure support for the issuance of the Brazilian digital currencyknown as Real Digital or Drex.
The bill, inspired by international models, proposes the planned and gradual acquisition of bitcoin with up to 5% of Brazil’s international reserves. It is designed to ensure not only the diversification of reserves, but also to promote technological innovation and education around cryptocurrenciesaccording to Deputy Biondini.
According to the text of the project, the management of RESBit would fall to the Central Bank of Brazil and the Ministry of Finance, who would have the responsibility of implementing advanced monitoring and control systems for that reserve. Their obligations include developing a robust infrastructure to safeguard digital currencies against cyber risks, fraud and unauthorized access. In total, these entities They will have twelve key points to comply with and maintain if the project is approvedreports Correio Braziliense.
In addition, the project contemplates the creation of a technical advisory committee made up of experts in digital security, whose function will be to advise on decisions related to the BTC reserve.
The federal government would also commit to promoting education and technological innovation, as well as protecting operations linked to the reserve. In the event of non-compliance or mismanagement of RESBit, administrative and criminal sanctions are providedin addition to the obligation to reimburse the public treasury.
Interest in creating strategic BTC reserves has spread rapidly among countries and companies, particularly after the United States elected Donald Trump as president, who has promised to establish a strategic reserve of BTC, as reported by CriptoNoticias.
In addition, companies such as Solidion Technology, Genius Group and recently Rumble, have announced forming your own bitcoin reservesreflecting a global trend towards the acceptance of this digital currency as a reserve asset.
Brazil, known for its active participation in the Bitcoin ecosystem, currently occupies the tenth place among the countries with the highest adoption of BTC and cryptocurrencies, according to the Chainalysis firm. This legislative initiative could further strengthen Brazil’s position on the world stage, adapting to global trends of innovation and financial sovereignty.
This article was created using artificial intelligence and edited by a human Editor.
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