TLDR
- Brazil’s Economic Development Committee has approved a bill to include Bitcoin in the country’s sovereign reserves.
- The bill proposes the creation of a Sovereign Strategic Bitcoin Reserve managed by the Central Bank and the Ministry of Finance.
- Up to 5% of Brazil’s foreign exchange reserves may be allocated to Bitcoin under this proposed legislation.
- The bill mandates the use of cold-storage wallets and biannual independent audits to ensure secure asset custody.
- Artificial intelligence systems will be used to monitor the Bitcoin holdings and flag any irregularities.
Brazil’s Chamber of Deputies has made initial progress toward adopting Bitcoin as a strategic reserve asset. The Economic Development Committee has approved Bill PL 4.501/2024, which would authorize Bitcoin holdings in the national reserve. The measure aims to diversify Brazil’s foreign exchange reserves by allowing up to 5% in Bitcoin.
Brazil Moves Closer to Bitcoin Reserves
The approved bill outlines the creation of a Sovereign Strategic Bitcoin Reserve, known as RESBit, to be jointly managed. The Central Bank of Brazil and the Ministry of Finance would oversee acquisition, custody, and risk management. This marks the country’s first official step toward Bitcoin integration at a national level.
The bill proposes using cold-storage wallets for secure offline custody of Bitcoin holdings. It also mandates independent firms to conduct biannual audits to ensure transparency and regulatory compliance. The structure also includes AI-based monitoring to identify irregularities and maintain financial oversight.
Lawmakers supporting the bill argue that Bitcoin may reduce exposure to external monetary policies and geopolitical shocks. Diversifying into Bitcoin is seen as a move to enhance national financial resilience. Brazil would join a limited number of nations exploring decentralized digital reserves.
🇧🇷 BREAKING: Brazil’s Strategic #Bitcoin Reserve Bill passes first committee, pushing the country closer to holding $BTC as part of its national reserves. pic.twitter.com/aHv9RzBHBA
— Cointelegraph (@Cointelegraph) June 12, 2025
Regulatory Framework and Oversight Protocols Outlined
The framework emphasizes strong regulatory measures to govern Bitcoin holdings. The Central Bank would lead operations while the Ministry of Finance would assist in oversight and reporting. The system ensures coordination between fiscal and monetary authorities.
The bill requires strict compliance with international financial standards and digital asset custody norms. It also includes provisions for real-time monitoring through AI systems. These technologies aim to enhance accountability and prevent misuse or mismanagement of public funds.
Brazil’s approach includes integrating modern fintech tools with conservative reserve management policies. This dual strategy seeks to reduce risks while embracing innovation. The framework may serve as a model for other nations evaluating digital reserve instruments.
Global Context and Next Steps for Legislation
The bill advances amid growing international focus on Bitcoin in official financial portfolios. Countries like El Salvador have already incorporated Bitcoin into their reserves. Brazil’s proposal reflects the interest of larger economies in reevaluating reserve compositions.
Before becoming law, the bill must pass through additional congressional committees, including the committees for technology, constitutionality, and finance. A final vote in both legislative chambers will follow.
Presidential ratification is required for the bill’s enactment. If successful, Brazil could set a precedent for Bitcoin integration among major economies.
