{"id":89772,"date":"2025-08-20T04:46:16","date_gmt":"2025-08-20T04:46:16","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=89772"},"modified":"2025-08-20T04:46:16","modified_gmt":"2025-08-20T04:46:16","slug":"brazil-to-hold-first-hearing-on-19-billion-bitcoin-strategic-reserve","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=89772","title":{"rendered":"Brazil to Hold First Hearing on $19 Billion Bitcoin Strategic Reserve"},"content":{"rendered":"

Brazil\u2019s Chamber of Deputies is set to hold its first hearing on August 20 to examine a bill that proposes building a Bitcoin Strategic Reserve. <\/span>The reserve would be worth up to $18.6 billion and could mark a serious step toward reshaping <\/span>how<\/span> Brazil <\/span>thinks about<\/span> foreign reserves and economic resilience.<\/span><\/p>\n

Hearing Focuses on Risk Management and Reserve Diversification<\/span><\/h2>\n

Bill 4501\/2024 proposes allowing up to 5 percent of Brazil\u2019s Treasury reserves to be held in bitcoin, framing it as a hedge against currency volatility and a response to rising geopolitical risks. Lawmakers backing the proposal say it\u2019s not about betting on Bitcoin, but about preparing for a financial world that looks very different from the one Brazil has planned for in the past.<\/span><\/p>\n

Brazil\u2019s Congress will debate the creation of a strategic Bitcoin reserve.
A historic step for Brazil in the global crypto landscape.#Brazil<\/a> #Bitcoin<\/a> #CryptoNews<\/a> pic.twitter.com\/BqgAnmuVa5<\/a><\/p>\n

\u2014 KaK\u00e1 Santana (@kakasantana) August 20, 2025<\/a><\/p>\n\n

Experts from Across the Industry Will Speak<\/span><\/h2>\n

This is not just a political formality. Deputy Luiz Philippe de Orleans e Bragan\u00e7a requested the hearing and invited a mix of experts to weigh in. Diego Kolling, who leads Bitcoin strategy at M\u00e9liuz, and Julia Rosim from Bitso and ABCripto will join. Officials from Brazil\u2019s Central Bank and Ministry of Finance will also be there, making it clear this is more than a crypto-only conversation; it\u2019s also about fiscal strategy.<\/span><\/p>\n

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Bitcoin Would Be Held Under Joint Custody<\/span><\/h2>\n

If passed, the bill would put custody of the Bitcoin reserve in the hands of both the Central Bank and the Ministry of Finance. The designers structured it to avoid concentrated control and to add a layer of oversight. The law also calls for twice-yearly reports on the performance and risks of the reserve, giving lawmakers and the public a clearer view of how the experiment is going.<\/span><\/p>\n

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Next Steps Involve Several Layers of Approval<\/span><\/h2>\n

Once this hearing wraps up, the bill still has a long road ahead. It needs to clear four key committees: Economic Development, Science and Innovation, Finance and Taxation, and Constitution and Justice. If it makes it through that gauntlet, it heads to a full vote in the House, then the Senate, and finally to the President for final approval. The August 20 hearing is just the first test.<\/span><\/p>\n

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Brazil Has Already Shown It\u2019s Comfortable with Crypto<\/span><\/h2>\n

Brazil is not starting from scratch here. It\u2019s already one of the most active crypto markets in Latin America and has been quick to approve crypto ETFs. Trading volumes neared $76 billion last year, and the country ranks high in global adoption reports. Adding Bitcoin to its national reserves would be a big move, but not an out-of-character one.<\/span><\/p>\n

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Key Takeaways<\/h2>\n

Brazil is holding its first official hearing on a proposal to add up to $18.6 billion in Bitcoin to national reserves. <\/p>\n

Bill 4501\/2024 aims to allocate up to 5% of Brazil\u2019s Treasury reserves to Bitcoin as a hedge against currency and geopolitical risk. <\/p>\n

The August 20 hearing will feature voices from both crypto companies and traditional finance, including the Central Bank and Ministry of Finance. <\/p>\n

The Central Bank and the Ministry of Finance would jointly hold the proposed reserve, and the law would require oversight and public reporting. <\/p>\n

Brazil\u2019s crypto adoption is already high, making the idea of a Bitcoin Strategic Reserve ambitious but not out of character. <\/p><\/div>\n

The post Brazil to Hold First Hearing on $19 Billion Bitcoin Strategic Reserve<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Brazil\u2019s Chamber of Deputies is set to hold its first hearing on August 20 to examine a bill that proposes building a Bitcoin Strategic Reserve. The reserve would be worth up to $18.6 billion and could mark a serious step toward reshaping how Brazil thinks about foreign reserves and economic resilience. Hearing Focuses on Risk […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-89772","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/89772"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=89772"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/89772\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=89772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=89772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=89772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}