Brazil Plans to Make Bitcoin a Strategic Reserve, What’s the Purpose?

Jakarta, Pintu News – Amid the rising popularity of cryptocurrencies in Brazil, the country’s Parliament is considering a revolutionary bill.

This proposal, put forward by Federal Deputy Eros Biondini, aims to allocate up to 5% of Brazil’s international reserves to Bitcoin (BTC).

The move is considered an effort to strengthen economic sovereignty and position Brazil as a global leader in financial innovation.

Check out the full information below!

Legislative Proposal and Government Support

In a session held by the Council of Deputies, Eros Biondini explained that the initiative aims to ensure Brazil’s economic sovereignty and keep up with global innovation trends.

“Brazil has always been late in the adoption of new technologies, but this time we are at the forefront,” says Biondini.

The proposal has received support from several members of the government, including the Deputy of the Economic Development Committee, Luiz Philippe de Orleans e Braganca. The draft law has now been sent to the committee for technical review and refinement before a vote in the main chamber.

Despite the support, there are still concerns expressed by some officials, including from the Ministry of Finance, who emphasize the importance of distinguishing the purpose of using Bitcoin (BTC) in international reserves.

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Crypto Popularity in Brazil and Challenges Faced

Brazil has developed into Latin America’s leading cryptocurrency economy, with nearly 8% of the population using cryptocurrencies. However, officials from the Central Bank of Brazil and the Ministry of Finance expressed concerns about volatility, liquidity risks, and unclear governance of cryptocurrencies.

“Central banks are naturally guided by conservatism,” said Luis Guilherme Siciliano, Head of the International Reserves Department at the Central Bank.

In addition, last month, Brazil’s digital payment system Pix was the subject of an investigation by the United States. This comes at a time when Pix is growing rapidly and BRICS countries are seeking alternatives to de-dollarization by exploring other currencies.

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Conclusion

With this legislative proposal, Brazil could potentially become one of the first countries to integrate Bitcoin (BTC) into its international foreign exchange reserves.

This move will not only change the dynamics of global finance but also affirm Brazil’s position as a leader in the adoption of new financial technologies.

Going forward, it will be interesting to see how this decision affects the Brazilian economy and its position on the world stage.

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Reference

• Crypto Times. Brazil’s Parliament Eyes Bitcoin Strategic Reserve. Accessed on August 25, 2025
• Featured Image: Forbes India