Brazil Considers Turning Bitcoin into National Treasure: Will It Work? đ€
Brazil could leapfrog into the future as one of the first countries to explicitly regulate the establishment of a national Bitcoin reserve. On August 20, lawmakers will discuss Bill 4501/2024, titled âProvides for the formation of a Sovereign Strategic Reserve of Bitcoins by the Federal Government and provides other measures.â If passed, this initiative would position Brazil as a trailblazer in Latin America, turning the countryâs foreign reserves into a mixed bag of fiat and crypto. Talk about diversifying your portfolio! đŒđž