[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.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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.