BlockBeats news, on November 27, reported by Cointelegraph, the Brazilian Congress proposed a new bill aimed at establishing a sovereign Bitcoin reserve that could reshape the country's attitude towards digital assets.
The bill was introduced by Congressman Eros Biondini on November 25, aiming to create a sovereign strategic Bitcoin reserve called RESBit.
According to the legislation, Bitcoin reserves can protect the country's sovereign reserves from currency fluctuations and geopolitical risks, while also serving as collateral for Brazil's upcoming central bank digital currency.
