Brazil Hosts Hearing on Sovereign Strategic Reserve of Bitcoins on August 20

On August 20, the Economic Development Committee of the Brazilian House of Representatives will hold a public hearing to discuss the proposed "Sovereign Strategic Reserve of Bitcoins" by the Federal Government.

The hearing is convened under Requirement 39/2025, authored by Representative Luiz Philippe de Orleans e Bragança.
The related bill, PL 4501/2024, is currently under review and aims to improve the proposal.
Bragança emphasizes the need for technical input from monetary authorities to enhance the legislation.
Only two of six invited experts have confirmed attendance, including Rubens Sardenberg from FEBRABAN.
Unconfirmed guests include representatives from Abcripto, the Central Bank of Brazil, and the Ministry of Finance.

Sovereign Strategic Reserve of Bitcoins Bill (PL 4501/2024)

Proposed by Eros Biondini on November 25, 2024.
Aims to diversify National Treasury assets and mitigate risks from exchange rate fluctuations.
Seeks to promote blockchain technology in various sectors.

The public hearing may provide insights for lawmakers, though the decision on implementing the reserve remains pending.