Brazil has reintroduced a bill aimed at creating a Strategic Bitcoin Reserve, which would allow the country to acquire up to 1 million BTC. This legislative push follows earlier proposals that had stalled in congressional committees, indicating a resurgence of political backing as global interest in cryptocurrency continues to grow. Brazil is significant in this context, as it possesses Latin America’s most advanced regulatory environment for crypto, which includes established frameworks for exchanges and ETFs to bolster national Bitcoin initiatives.
Brazil reintroduces bill to create a Strategic Bitcoin Reserve allowing acquisition of 1M Bitcoin
