Brazilian GEDRO GIOCONDO Guerra emphasized the importance of establishing a national strategic Bitcoin protection zone on Wednesday. Gera represents the government of Luiz inácio da silva (PT), speeches at the vow of a new presidential presidential president of the FPBC (FPBC) and Júlio Lopes (PP-RJ).
“Strictly discussing the constitution of the sovereignty of Bitcoin value is in public interest and will be decisive for our prosperity. In the end, Bitcoin is a digital gold and gold of the Internet.
Can Brazil get a strategic Bitcoin protection area?
His remarks emphasized in contrast to Bitcoin’s essential charm, especially digital shortages and deflation designs, and currencies that can be printed freely. Gera pointed out that the official BTC reserve army could strengthen the elasticity and adaptability of the state, especially in the global economy and designated scientific fluctuations.
In particular, Congressman Eros BionDini (PL-MG) introduced PL 4501/2024, which can create a sovereign strategic protection area of Bitcoins. According to BionDini, the main goal is to protect Brazil about monetary fluctuations and designated uncertainty by diversifying the government’s international reserves.
This text proposes 5%of the total $ 360 billion international reserve for the acquisition of Bitcoin in December. When it is passed, Brazil has the authority to invest $ 18.3 billion in Bitcoin based on the preliminary evaluation when the bill is prepared.
The legislation, which is currently reviewed by the Clopporteur Luiz Gastão (PSD-CE) at the House of Representatives’ Economic Development Committee, suggests gradual acquisition guidelines and emphasizes strong security measures using cold wallets, advanced AI-and blockchain-based monitoring.
The bill explains how the central bank and the Ministry of Treasury jointly explain how to manage the Resident, and guarantee the transparency of the public and parliament through regular secondary reports. The text also deals with the need for educational and innovation programs, including incentives such as tax benefits to cryptocurrency -related new companies, as well as professional courses on blockchain, cryptographic economy and cyber security.
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The Technical Advisory Committee, which consists of blockchain, digital economy and cyber security experts, will also be established to ensure strict supervision and to encourage cooperation with international regulators and research institutes. This proposal quotes El Salvador’s Bitcoin legal bidding, US approval of the US, China’s blockchain and digital currency efforts, Dubai’s success in developing blockchain -friendly business environment, and EU’s regulatory framework for digital assets.
In the justification section, the bill claims that Brazil is already one of the countries with the highest adoption of cryptocurrency, but government policy has not been able to meet the rapid evolution and assistance of the market.
According to the text, “The creation of reconstruction can enable Brazil to diversify its international reserves, reducing exposure to foreign exchange and designated risks, and increases economic elasticity. This measures will be deployed as a local leader in the financial and technological innovation fields, attracting external investments and strengthening our presence in the digital economy.”
BTC was traded for $ 86,205 in the press time.
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