Brazilian lawmaker Eros Biondini introduced legislation proposing the creation of a Bitcoin (BTC) Sovereign Strategic Reserve (RESBit) with an allocation of up to $18.6 billion — equivalent to 5% of Brazil’s international reserves as of September. According to the bill, the RESBit will diversify Brazil’s Treasury assets, protect international reserves against exchange fluctuations and geopolitical […]
The post Brazilian lawmaker proposes $18 billion Bitcoin reserve initiative appeared first on CryptoSlate.
Go here to Read this Fast! Brazilian lawmaker proposes $18 billion Bitcoin reserve initiative
Originally appeared here:
Brazilian lawmaker proposes $18 billion Bitcoin reserve initiative