Breaking: Eros Biondini Proposes Strategic Bitcoin Reserve for Brazil
The post Breaking: Eros Biondini Proposes Strategic Bitcoin Reserve for Brazil appeared first on Coinpedia Fintech News
In a latest development, a bold legislative proposal has been introduced Member of Brazils Chamber of Deputies Eros Biondini to establish a strategic Bitcoin reserve. The plan would allocate up to 5% of the nations international reserve to buy Bitcoin and diversify its national assets. The Congressman views the Bitcoin Strategic Sovereign Reserve as a way to hedge against exchange rate fluctuations and geopolitical risks. The country could buy up to $3 billion worth of BTC if Congress eventually passes this bill. This move signals a forward-looking approach to integrating digital assets into sovereign reserve strategies.
Text source: Coinpedia – Fintech & Cryptocurreny News Media| Cr
