Brazil to Hold First Hearing on $19 Billion Bitcoin Strategic Reserve

Brazil’s Chamber of Deputies is set to hold its first hearing on August 20 to examine a bill that proposes building a Bitcoin Strategic Reserve. The reserve would be worth up to $18.6 billion and could mark a serious step toward reshaping how Brazil thinks about foreign reserves and economic resilience. Hearing Focuses on Risk.. The post Brazil to Hold First Hearing on $19 Billion Bitcoin Strategic Reserve appeared first on 99Bitcoins.

crypto

Aug 20, 2025 - 14:00

0 3

Brazil to Hold First Hearing on $19 Billion Bitcoin Strategic Reserve

Brazil’s Chamber of Deputies is set to hold its first hearing on August 20 to examine a bill that proposes building a Bitcoin Strategic Reserve. The reserve would be worth up to $18.6 billion and could mark a serious step toward reshaping how Brazil thinks about foreign reserves and economic resilience.

Hearing Focuses on Risk Management and Reserve Diversification

Bill 4501/2024 proposes allowing up to 5 percent of Brazil’s Treasury reserves to be held in bitcoin, framing it as a hedge against currency volatility and a response to rising geopolitical risks. Lawmakers backing the proposal say it’s not about betting on Bitcoin, but about preparing for a financial world that looks very different from the one Brazil has planned for in the past.