Brazil's Bitcoin Reserve Bill passes first round, may allocate 5% of forex reserves to BTC

[Chain News] On June 17, it was reported that Brazil's Bitcoin Reserve Bill "PL 4501/2023 or PL 4501/2024" has passed the review of the first committee. The bill proposes to establish a "sovereign strategic Bitcoin reserve," allocating up to 5% of forex reserves to Bitcoin. Once implemented, Brazil will become the second Latin American country to establish a legal BTC reserve after El Salvador.

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DaoResearchervip
· 06-20 12:49
Based on the projected cash flow, a 5% allocation aligns with the optimal solution of the Portfolio Theory 1954 edition.
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MemeKingNFTvip
· 06-19 20:13
The trend has arrived, Latin America is awakening, I have long anticipated getting on board.
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WalletManagervip
· 06-19 08:17
This wave of favourable information can stimulate a 10% rise in market capitalization. On-chain analysis suggests that coin hoarding is needed.
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NFTArtisanHQvip
· 06-17 14:24
finally... the digital renaissance reaches latam's institutional layer
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TopEscapeArtistvip
· 06-17 14:20
It's time to enter a position and do Margin Replenishment again. Can't sell after making a profit on the noodles.
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SchrodingerGasvip
· 06-17 14:12
The enthusiasm for arbitrage is still high, and a 5% arbitrage space is quite a lot.
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PerpetualLongervip
· 06-17 14:04
Bullish traders have won again! Where are the bearish traders and retail investors to make an appearance?
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Web3ProductManagervip
· 06-17 13:58
hmm looking at these adoption metrics... 5% could be the tipping point for network effects
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StableGeniusvip
· 06-17 13:57
predictable... another domino falls just as i forecasted back in q2
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