Brazilian Lawmaker’s Strategic Bitcoin Reserve Bill Set for ‘Historic’ Public Hearing
Main Idea
The Brazilian Chamber of Deputies will hold a historic hearing on August 20 to discuss a bill proposing the creation of a strategic Bitcoin reserve, introduced by pro-crypto lawmaker Eros Biondini.
Key Points
1. The hearing will take place in Annex II of the Chamber of Deputies in Brasília on August 20.
2. The bill was tabled by pro-crypto lawmaker Eros Biondini in November 2024, suggesting the government buy Bitcoin and other secure cryptoassets.
3. Key attendees include Diego Kolling of Méliuz, Rubens Sardenberg of FEBRABAN, and representatives from ABcripto, the Central Bank, and government ministries.
4. The bill aims to modernize Brazilian legislation in line with global trends, similar to discussions in the United States.
5. Biondini also proposed a separate draft law in June to eliminate taxes on long-term crypto investments.
Description
A Brazilian strategic Bitcoin reserve proposal will be debated in parliament later this month, with domestic crypto executives and government officials set to attend. The Brazilian media outlet Livecoins called parliament’s decision to hold the hearing “a historic first.” The Chamber of Deputies is set to host the hearing on August 20. The bill in question was tabled by the pro-crypto lawmaker Eros Biondini in November 2024 . The bill calls for Brazil’s Treasury to start diversifying its asset h...
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