Brazil Prepares to Pioneer a Strategic Bitcoin Reserve, Public Discussion to Be Held in August!

Updated

August 7, 2025

Gambar Brazil Prepares to Pioneer a Strategic Bitcoin Reserve, Public Discussion to Be Held in August!

Jakarta, Pintu News – On August 20, Brazil’s Economic Development Committee will hold a public hearing discussing the government’s plan to establish a “Sovereign Bitcoin Strategic Reserve”.

The hearing will involve cryptocurrency experts and industry leaders to discuss the implementation and potential of this reserve. The initiative was triggered by the need to improve the draft law in process, known as PL 4501/2024.

Check out the full information below!

Session and Participation Details

The hearing, scheduled by the Committee on Economic Development (Comissão de Desenvolvimento Econômico), was the result of Request 39/2025 submitted by Luiz Philippe de Orleans e Bragança.

To date, only two of the six invited guests have confirmed their attendance, including Rubens Sardenberg, Chief Economist of the Brazilian Federation of Banks (FEBRABAN). Meanwhile, some important institutions such as the Brazilian Association of Cryptoeconomics (Abcripto) and the Central Bank of Brazil (BACEN) have yet to confirm their attendance.

Purpose and Benefits of Bitcoin Backup

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The Sovereign Strategic Reserve of Bitcoin (BTC), or RESBit, was proposed by Brazilian Representative, Eros Biondini, with the aim to diversify the financial assets of the National Treasury. RESBit is expected to protect international reserves from exchange rate fluctuations and geopolitical risks.

In addition, the initiative also aims to promote the use of blockchain technology in the public and private sectors, which can bring innovation and greater efficiency in the management of government finances and data.

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Fallacies and Expectations from the Bill

One interesting aspect of the bill is the use of the terms “bitcoin” and “bitcoins” interchangeably with “cryptocurrencies”. This suggests some confusion in the understanding of terminology that may require further clarification.

The use of the term “consolidated assets” alongside “bitcoins” shows the importance of a deeper understanding of stable crypto assets and their technology.

The public hearing is expected to enlighten policymakers and other stakeholders in the country.

Conclusion

The conclusions of this public hearing will largely determine the direction of cryptocurrency policy in Brazil. With in-depth discussions and participation from various parties, it is hoped that an agreement can be reached that will support innovation and the country’s financial security. The decision to implement a Sovereign Bitcoin (BTC) Strategic Reserve will be an important step in the history of Brazil’s digital economy.

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