12-6-2025 – Christened Bill PL 4501/2023, has ignited optimism within Brazil’s Economic Development Committee, marking a potential turning point in the nation’s financial strategy. Crafted by Federal Deputy Eros Biondini, the proposal advocates for the establishment of a national Bitcoin reserve, dubbed ‘RESBit,’ which would permit up to 5% of Brazil’s foreign exchange reserves to be invested in the world’s leading cryptocurrency. This audacious move could position Brazil as only the second nation, following El Salvador, to enshrine a Bitcoin reserve in law.
The rapporteur for the bill, Luis Gastão, championed its potential to diversify Brazil’s asset portfolio and lessen its dependence on traditional fiat currencies. Under the proposal, the Brazilian Central Bank and the Ministry of Finance would oversee the management of these digital reserves, employing rigorous security measures such as cold wallets to safeguard assets. To ensure accountability, the plan mandates biannual audited transparency reports to be submitted to Congress, fostering public trust in the initiative.
Yet, the journey to enactment remains complex, with the bill requiring the green light from the committees on technology, constitution, and finance. Should it clear these hurdles, Brazil could cement its place as a pioneer in embracing cryptocurrency at a national level, heralding a transformative shift in its economic landscape.
