Bitcoin advances towards approval as a strategic reserve in Brazil

Brazil marked a milestone in South America by launching the first public hearing on the bill (PL 01/2025) that proposes the creation of a strategic and sovereign reserve of Bitcoin (Resbit). If the initiative promoted by Deputy Eros Biondi is approved, it would allow the country to allocate up to 5% of its reserves, equivalent to 17,000 million dollars.

After the historic public hearing in the Economic Development Commission of the Chamber of Deputies this August 20, the next step is to review and adjust the project in the Commissions for Economic Development, Science and Innovation, Finance and Taxation, as well as by Constitution and Justice.

These commissions will analyze technical aspects, such as Unlink the Bitcoin Fund from Brazilian international reserves To structure it as a sovereign fund managed by the National Treasury, using BTC seized to avoid tax costs. A technical committee made up of representatives of the Central Bank and the Ministry of Finance will guarantee transparency and safety through cold portfolios and semiannual audits.

The initiative reflects the growing leadership of Brazil in the global adoption of digital assets, with more than 25 million people already investing in them, according to Júlia Rosin, representing the Brazilian Association of Cryptoeconomia (abcribing).

«Bitcoin is a financial revolution,» said Rosin, highlighting that its valuation surpasses gold and dollar. The objective is to position Brazil in the avant -garde, attract investments and prepare for a future where the pioneer digital currency is treated as a global commodity, according to Rosin.

The debate reflected opposite visions. Diego Kolling, from Méliuz, a Brazilian company that emulates the American Strategy in her adoption of BTC, compared the creation of Satoshi Nakamoto with gunpowder, a technology adopted by strategic necessity.

«Bitcoin does not expect opinions, it simply happens,» he said. On the other hand, representatives of the Ministry of Finance and the Central Bank presented technical arguments, warning that Bitcoin’s volatility clashes with The security principle of international reserves, designed to act as a crisis shield.

To resolve these concerns, legislators proposed that the Resbit not touch international reserves, but is configured as an independent sovereign fund.

Then, the defenders of the idea warned about the risk of inaction. With a fixed supply of 21 million units, waiting could mean that other sovereign countries and funds monopolize the marketmore expensive the entrance of Brazil. «The question is not whether Brazil needs Bitcoin, but how long we can allow ourselves to ignore it,» Kolling said, while the project advances through the commissions of the Congress.

Daniel Leal, representative of the Ministry of Finance, warned that Bitcoin’s volatility demands a fiscal effort 20 times greater for stable assets, while Luis Guilherme Siciliano said that the IMF classifies it as a non -financial asset, inadequate for traditional reserves. Both recommended redefining the project as a strategic sovereign fund to minimize risks.

On the other hand, Pedro Guerra, head of the Ministry of Development, Industry, Commerce and Services, defended the transformative potential of the digital currency: «Bitcoin is a medicine for public finances, promoting infrastructure and education.»

With these arguments, The project advances to the legislative commissions, where its technical details will be polished before reaching the plenary of the camera, the Senate and the presidential sanction.