Brazilian lawmakers have reintroduced a proposal to create a Strategic Sovereign Bitcoin Reserve known as RESBit. The bill proposes the acquisition of 1 million bitcoins in five years.
The bill, presented by Federal Deputy Luiz Gastão (PSD/CE), outlines A comprehensive framework for integrating Bitcoin into the financial strategy of the country and diversifying national reserves.
The legislation proposes several guidelines. RESBit. The plan requires that at least one million BTC be accumulated over a period of five years. It prevents the sale or transfer of Bitcoins confiscated by Brazilian judiciary authorities.
This bill allows the federal tax collection in Brazil to be done in Bitcoin, and provides incentives for companies that are public in nature to mine and store Bitcoin.
The proposal is focused on transparency. The bill requires RESBit to disclose its bitcoin holdings on internet-based platforms. This allows the public to audit them.
This emphasizes secure storage Use technologies like cold wallets (multisignature wallets), multisignature mechanisms, etc. to store digital assets.
In urgent or limited situations, it is also possible to temporarily hold spot ETFs that are backed by Bitcoin in your reserve portfolio.
Brazil, if approved, could become one of a few countries that actively hold Bitcoin on a national scale, possibly surpassing other major Bitcoin holders such as the United States or China.
Brazil and other countries are exploring Bitcoin as a currency.
Quite famously, El Salvador holds the mantle as the ‘world’s first country’ with a strategic Bitcoin reserve, reporting over 7,560 Bitcoin under President Nayib Bukele’s program.
The government continues to purchase Bitcoins despite the IMF agreement reducing its mandatory acceptance. It cites long-term financial autonomy and diversification of reserves as reasons for this. National Bitcoin Office splits its holdings over multiple addresses in order to increase security and transparency.
Central America’s policy has been a model for other countries. In the United States the BITCOIN Act of 2030 proposed somewhat There is a proposal to create a national strategic Bitcoin Reserve, and several states have already passed or are proposing laws that allow monies from the public purse to be used for digital assets.
The March 2025 of President Trump executive order The federal government also directed agencies to investigate the accumulation of Bitcoins without additional taxpayer costs from confiscated assets.
Similar to the Czech National Bank, there is a system in Europe. allocation Switzerland is a leader in citizen-led initiatives, but Bitcoin has dominated the market proposing A constitutional mandate is required for Bitcoin ownership.
Hong Kong, Ukraine and Pakistan also explore frameworks for holding Bitcoin at the nation level. pledging It is best to never sell your future reserve.
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Source: bitcoinmagazine.com
