Brazil Unveils Plan for National Bitcoin Reserve

Brazil’s government is planning a public hearing to explore the feasibility of establishing a national Bitcoin reserve. This move could potentially reshape the country’s approach to digital assets and influence financial policy across Latin America. Experts suggest including Bitcoin in Brazil’s reserves as an option against currency devaluation and inflation risks, but concerns exist regarding its volatility. The public hearing, organized by the Brazilian Chamber of Deputies, is designed to gather expert and citizen input before moving forward with any legislation or policy. If successful, Brazil could become a pioneer in responsible crypto integration, potentially setting a trend for other nations.