On November 27th, Cointelegraph shared news about a new bill proposed by the Brazilian Congress. This bill suggests creating a sovereign Bitcoin reserve, which could change how Brazil thinks about digital assets. Congressman Eros Biondini introduced the bill on November 25th. The goal is to establish a strategic Bitcoin reserve called RESBit.
This reserve could help protect the country’s assets from changes in currency value and geopolitical problems. Additionally, it could be used as a guarantee for Brazil’s upcoming central bank digital currency.
Source
<p>The post Brazil Proposes Sovereign Bitcoin Reserve Bill to Safeguard Future Reserves. first appeared on CoinBuzzFeed.</p>
