Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
A senior Brazilian official: Bitcoin reserves are "crucial" to Brazil's prosperity

A senior Brazilian official: Bitcoin reserves are "crucial" to Brazil's prosperity

CointimeCointime2025/03/29 01:55
By:Cointime

according to Decrypt, Pedro Giocondo Guerra, senior advisor to the Vice President of Brazil, stated in a recent speech on behalf of the government: "The strategic reserve of Bitcoin is crucial for the prosperity of the country. Discussions about establishing a BTC reserve may be a key factor in deciding the prosperity of Brazil, in line with the interests of the country and the public." Brazilian congressman Eros Biondini (PL-MG) previously proposed legislation to establish a "strategic sovereign Bitcoin reserve" (RESBit). Holding 5% of foreign exchange reserves (international reserves) in Bitcoin, the Central Bank of Brazil will use advanced monitoring systems, blockchain technology, and artificial intelligence to monitor transactions and be responsible for custody.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Hut 8 and Eric Trump Launch American Bitcoin Mining Firm

Donald Trump Jr. states that buying Bitcoin is just half the story; mining Bitcoin on favourable economics is huge.

Cryptotimes2025/03/31 19:33

Forbes: Trump doubled his fortune with crypto & Truth Social

His crypto ventures have pumped nearly $800 million in liquid cash into his pockets, keeping asset seizures off the table.

Cryptotimes2025/03/31 19:33