Brazil Proposes National Bitcoin Reserve, Targets 1 Million BTC Over Five Years

Brazil Proposes National Bitcoin Reserve, Targets 1 Million BTC Over Five Years Authored by Micah Zimmerman via BitcoinMagazine.com, Brazilian lawmakers have reintroduced a bill to create a national Strategic Sovereign Bitcoin Reserve, known as RESBit, proposing the gradual acquisition of one million bitcoins over five years.  The bill, presented by Federal Deputy Luiz Gastão (PSD/CE), outlines a comprehensive framework to integrate Bitcoin into the country’s financial strategy and diversify national reserves. The proposed legislation establishes several guidelines for RESBit. First, the plan calls for a gradual accumulation of at least 1,000,000 BTC over five years. It prohibits the...