Brazil's' Sovereign Strategic Bitcoin Reserve 'Bill Passes First Committee Review

2025-06-17 13:41

BlockBeats news, on June 17th, according to Bitcoin News, the Brazilian Bitcoin Reserve Act "4501/2023" has been reviewed by the First Committee. The bill proposes to establish a "sovereign strategic Bitcoin reserve" and allocate up to 5% of foreign exchange reserves to Bitcoin. Once implemented, Brazil will become the second Latin American country after El Salvador to establish legal BTC reserves. Pedro Giocondo Guara, Chief of Staff of the Vice President of Brazil, said in March that "strategic sovereign Bitcoin reserve" is crucial to national prosperity and is a public interest issue. He called Bitcoin "the gold on the Internet".

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Brazil's' Sovereign Strategic Bitcoin Reserve 'Bill Passes First Committee Review

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Brazil's' Sovereign Strategic Bitcoin Reserve 'Bill Passes First Committee Review

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Binance SPK fund fee rate reaches -1.00%, with high bearish sentiment in the market

Delay here was expected. Intermediary deadline for this was today. But, SEC is engaging on S-1 for Solana Staking ETFs and that's a very positive sign. Still, timelines for approvals are less certain IMO

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VIRTUAL experienced abnormal movements, with a 14.72% drop in the 24-hour period

Brazil's' Sovereign Strategic Bitcoin Reserve 'Bill Passes First Committee Review

24/7 Flashes

Binance SPK fund fee rate reaches -1.00%, with high bearish sentiment in the market

Delay here was expected. Intermediary deadline for this was today. But, SEC is engaging on S-1 for Solana Staking ETFs and that's a *very* positive sign. Still, timelines for approvals are less certain IMO

AgriFORCE Launches Gas-Powered Bitcoin Mining Site in Alberta, Plans Expansion to 1 EH/s

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VIRTUAL experienced abnormal movements, with a 14.72% drop in the 24-hour period

Brazil's' Sovereign Strategic Bitcoin Reserve 'Bill Passes First Committee Review

24/7 Flashes

Binance SPK fund fee rate reaches -1.00%, with high bearish sentiment in the market

Delay here was expected. Intermediary deadline for this was today. But, SEC is engaging on S-1 for Solana Staking ETFs and that's a *very* positive sign. Still, timelines for approvals are less certain IMO

AgriFORCE Launches Gas-Powered Bitcoin Mining Site in Alberta, Plans Expansion to 1 EH/s

Bitcoin Heads Lower as Trump Threatens to Assassinate Iran’s Supreme Leader

VIRTUAL experienced abnormal movements, with a 14.72% drop in the 24-hour period

Delay here was expected. Intermediary deadline for this was today. But, SEC is engaging on S-1 for Solana Staking ETFs and that's a very positive sign. Still, timelines for approvals are less certain IMO

Delay here was expected. Intermediary deadline for this was today. But, SEC is engaging on S-1 for Solana Staking ETFs and that's a very positive sign. Still, timelines for approvals are less certain IMO