TechFlow news, March 29 — According to Decrypt, Pedro Giocondo Guerra, senior advisor to Brazil's vice president, stated on behalf of the government during a recent speech: "Bitcoin strategic reserves are crucial for national prosperity. Discussions about establishing BTC reserves could be a decisive factor for Brazil’s prosperity and align with national and public interests."
Previously, Brazilian lawmaker Eros Biondini (PL-MG) introduced legislation proposing the creation of a "Strategic Sovereign Bitcoin Reserve" (RESBit). The proposal suggests allocating 5% of foreign exchange reserves (international reserves) into bitcoin, with the Central Bank of Brazil responsible for custody using advanced monitoring systems, blockchain technology, and artificial intelligence to oversee transactions.
