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TechFlow news, June 17 — According to Bitcoin News, Brazil's Bill 4501/2023 proposing the establishment of a bitcoin reserve has passed its first committee review. The bill plans to allocate up to 5% of foreign exchange reserves to bitcoin. If ultimately implemented, Brazil will become the second country in Latin America, after El Salvador, to establish a legal bitcoin reserve.
According to Bitcoin News, Brazil's Bill 4501/2023 proposing the establishment of a bitcoin reserve has passed its first committee review. The bill plans to allocate up to 5% of foreign exchange reserves to bitcoin. If ultimately implemented, Brazil would become the second country in Latin America, after El Salvador, to establish a legal bitcoin reserve.
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