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Brazilian lawmaker proposes $18 billion Bitcoin reserve initiative – TON BOT

Brazilian lawmaker proposes $18 billion Bitcoin reserve initiative

Brazilian lawmaker Eros Biondini proposed legislation to create a $18.6 billion Bitcoin Sovereign Strategic Reserve (RESBit) to diversify Brazil’s Treasury assets and back their central bank digital currency. The bill aims to modernize Brazil’s financial management to compete in the global digital economy, following the success of other countries integrating blockchain technology.


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