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A new bill proposed in the Brazilian Congress could change the country's approach to digital assets by establishing a federal Bitcoin reserve fund. The bill, introduced on November 25 by Congressman Eros Biondini, aims to create a strategic Bitcoin reserve fund, referred to as RESBit.
The goal of the bill is to establish a national reserve fund with Bitcoin to protect the Brazilian economy from currency volatility and geopolitical risks. Additionally, Bitcoin will also serve as collateral for the upcoming central bank digital currency of Brazil, Real Digital (Drex).