Brazil is spicing up its financial strategy with a dash of Bitcoin! đ§đ· Congressman Eros Biondini has introduced a bill to create a Sovereign Strategic Bitcoin Reserve, dubbed RESBit. This move aims to protect Brazil's economy from currency swings and geopolitical hiccups while backing its upcoming digital currency, Real Digital (Drex).
The plan? Gradually integrate Bitcoin into Brazil's $355 billion reserves, maxing out at 5%. Inspired by El Salvador's Bitcoin adventure, Brazil is eyeing economic diversification. The bill is now under review, with penalties for any Bitcoin blunders. Stay tuned for Brazil's crypto samba!