Brazil has marked a South American milestone by launching its first hearing (PL 01/2025) on the bill proposed to create a Strategic and Sovereign Reserve (Resbit) for Bitcoin (PL 01/2025). If the initiative is approved, the country can allocate up to 5% of its reserves, worth $170 million, if driven by Deputy Elos Biondini.
After the historic hearing at the proxy committee on the 20th August this year, the next step is to review and coordinate the committee’s projects of Economic Development, Science and Innovation, Finance and Taxation, by constitution and justice.
These committees analyze the following technical aspects: Unlocking the Bitcoin Fund for Brazil’s International Reserve Using seized BTC to avoid tax costs, it will be constructed as a sovereign fund managed by the National Treasury. The Technical Committee, consisting of representatives from the Central Bank and the Ministry of Finance, ensures transparency and security through cold wallets and semi-annual audits.
According to Julia Rosin, president of Brazil’s Crypto Economic Association (Accepted), the initiative reflects Brazil’s growing leadership in the global adoption of digital assets, with over 25 million people already investing.
“Bitcoin is a financial revolution,” says Rosin, emphasizing that its valuation exceeds gold and dollars. According to Rosin, the goal is to place Brazil in the avant-garde, attract investment and prepare for a future in which pioneering digital currency is treated as a global commodity.
The argument reflected the vision of the opposite. Diego Kolling compared Diego Kolling of Méliuz, a Brazilian company that emulated the American strategy in adopting BTC, to the creation of Gunpowder, a technology adopted by strategic needs.
“Bitcoin doesn’t expect any opinions, it just happens,” he said. Meanwhile, representatives from the Treasury and central banks presented technical discussions and warned that Bitcoin volatility would clash Security principles of international preparation designed to act as a crisis shield.
To resolve these concerns, legislators proposed that resumes were constructed as independent sovereignty funds rather than touching international reserves.
The idea advocates then warned of the risk of inaction. With a fixed supply of 21 million units, you can wait It means that other sovereign countries and funds monopolize the marketBrazil’s entrance is more expensive. “The question is not whether Brazil needs Bitcoin, but how long can it be ignored,” Colling said, but the project has progressed through parliamentary committees.
Treasury representative Daniel Rial warned that Bitcoin’s volatility would require 20 times more financial effort on stable assets, but Luis Gilherme Siciliano said the IMF classifies it as a non-financial asset and lacks its traditional reservation. Both recommended redefine the project as a strategic sovereign fund to minimize risk.
Meanwhile, Pedro Guerra, head of the Ministry of Development, Industry, Commercial and Services, defended the transformational potential of digital currency.
In these discussions, The project proceeded to the Legislative Committee. Its technical details are refined before it reaches the entire camera, Senate and presidential sanctions.