{"id":8344,"date":"2025-08-20T13:47:02","date_gmt":"2025-08-20T13:47:02","guid":{"rendered":"https:\/\/bitunikey.com\/news\/brazil-to-hold-first-hearing-on-a-19b-sovereign-bitcoin-reserve\/"},"modified":"2025-08-20T13:47:18","modified_gmt":"2025-08-20T13:47:18","slug":"brazil-to-hold-first-hearing-on-a-19b-sovereign-bitcoin-reserve","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/brazil-to-hold-first-hearing-on-a-19b-sovereign-bitcoin-reserve\/","title":{"rendered":"Brazil to hold first hearing on a $19B sovereign Bitcoin reserve"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Brazil\u2019s legislators will hold a hearing on the potential inclusion of Bitcoin in the nation\u2019s sovereign reserves. <\/p>\n<div id=\"cn-block-summary-block_f9d6ae56bc09dee29d4cd9d39eb66e45\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Brazil\u2019s Chamber of Deputies will hold a hearing on making Bitcoin a reserve asset<\/li>\n<li>The Economic Development Committee will hear experts from government, banking, etc<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Brazil may soon become one of the countries that holds Bitcoin (BTC) as its reserve asset. On August 20, the Economic Development Committee of the Chamber of Deputies will <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.camara.leg.br\/noticias\/1189249-comissao-debate-reserva-estrategica-soberana-de-bitcoins\/\" target=\"_blank\">discuss<\/a> the potential creation of a sovereign Bitcoin strategic reserve.<\/p>\n<p>Representative Luiz Philippe de Orleans e Bragan\u00e7a requested the debate on Bill 4501\/24, proposing the creation of a \u201cstrategic sovereign reserve of Bitcoin.\u201d He explained that the intention was to gather technical insights from various government agencies.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe understand that it is essential to gather the monetary authority\u2019s technical perspective on this bill with a view to improving the text,\u201d said the Representative. He also added that he wants to hear from government officials, bankers, and other experts in this domain. <\/p>\n<\/blockquote>\n<p>The debate will also focus on improving the proposed text of the bill. The representative also claimed that the bill aligns with Brazil\u2019s current <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www2.camara.leg.br\/legin\/fed\/lei\/2022\/lei-14478-21-dezembro-2022-793516-publicacaooriginal-166582-pl.html\" target=\"_blank\">regulatory framework<\/a> on digital currencies, introduced in December 2022.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Brazil pushes for Bitcoin adoption<\/h2>\n<p>Representative Luiz Philippe de Orleans e Bragan\u00e7a, who proposed the Bitcoin reserve bill, is a descendant of Brazil\u2019s former royal family and a crypto advocate. In March, he proposed a bill that would allow Brazilian employees to request up to 50% of their salary in crypto.<\/p>\n<p>Brazil is one of several countries that are currently exploring creating a Bitcoin strategic reserve. For instance, in early August 2025, Indonesian authorities met with crypto advocates to talk about a strategic reserve.<\/p>\n<p>Advocates of sovereign Bitcoin reserves stress its potential as a hedge against inflation and geopolitical risk. However, critics highlight Bitcoin\u2019s volatility.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Brazil\u2019s legislators will hold a hearing on the potential inclusion of Bitcoin in the nation\u2019s sovereign reserves. Summary Brazil\u2019s Chamber of Deputies will hold a hearing on making Bitcoin a&hellip;<\/p>\n","protected":false},"author":1,"featured_media":8345,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8344","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8344","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=8344"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8344\/revisions"}],"predecessor-version":[{"id":8346,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8344\/revisions\/8346"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/8345"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=8344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=8344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=8344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}