In a move that could reshape the global cryptocurrency landscape, Brazil is set to introduce a bill aimed at establishing a national Strategic Sovereign Bitcoin Reserve, known as RESBit. The ambitious plan, spearheaded by Federal Deputy Luiz Gastão (PSD/CE), envisions the gradual acquisition of one million bitcoins over a five-year period, marking Brazil’s entry into a select group of nations actively holding Bitcoin at a national level.
A Strategic Move for Financial Diversification
The bill lays out a detailed framework for integrating Bitcoin into Brazil’s financial strategy. It proposes a phased approach to accumulate at least 1,000,000 BTC, with a focus on long-term financial stability and diversification of national reserves. This move is not just about embracing a new asset class but also about positioning Brazil as a leader in the digital economy.
Key Features of the RESBit Proposal
The RESBit initiative includes several key provisions to ensure transparency, security, and public engagement. The bill mandates the prohibition of selling bitcoins seized by Brazilian judicial authorities, ensuring these assets remain under public control. Additionally, it allows for the collection of federal taxes in Bitcoin and provides incentives for public companies to participate in Bitcoin mining and storage.
Transparency and Security at the Core
Transparency is a cornerstone of the RESBit proposal. The bill requires the public disclosure of the reserve’s bitcoin holdings through internet-based platforms, allowing for public auditing. Secure storage of digital assets is also a priority, with the legislation emphasizing the use of technologies such as cold wallets, multisignature wallets, and other internationally recognized mechanisms.
Potential Impact and Global Implications
If approved, Brazil’s RESBit could have far-reaching implications. The country would join a small but growing group of nations, including El Salvador, which has already established a strategic Bitcoin reserve. El Salvador, under President Nayib Bukele, currently holds over 7,560 Bitcoin, despite scaling back mandatory Bitcoin acceptance due to IMF agreements. The National Bitcoin Office in El Salvador has implemented robust security measures to protect its holdings.
Other countries are also exploring the idea of national Bitcoin reserves. In the United States, the BITCOIN Act of 2025 proposed a federal strategic Bitcoin reserve, while states like New Hampshire and Arizona have passed or proposed laws allowing public funds to be invested in digital assets. President Trump’s executive order in March 2025 directed federal agencies to explore Bitcoin accumulation from seized assets without additional taxpayer costs.
Europe is not far behind. The Czech National Bank has a similar allocation in Bitcoin, and Switzerland is considering a constitutional mandate for Bitcoin holdings. In Asia, Hong Kong, Ukraine, and Pakistan are exploring frameworks to hold Bitcoin at the national level, with Pakistan committing to never sell its future reserves.
A Forward-Looking Vision
Brazil’s RESBit proposal is more than just a financial strategy; it represents a forward-looking vision for the future of money and technology. By embracing Bitcoin, Brazil is positioning itself to benefit from the growing digital economy and enhance its financial resilience. As other nations continue to explore similar initiatives, the global financial landscape is poised for significant transformation.
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