TLDR
- Brazil’s proposed Bitcoin reserve could allocate 5% of $18.6B in foreign reserves, diversifying national assets.
- The public hearing on August 20 will feature lawmakers, central bank reps, and crypto experts debating Bitcoin’s role in reserves.
- If approved, Brazil’s Bitcoin reserve could surpass El Salvador, positioning the country as a major sovereign Bitcoin holder.
- Brazil’s Bitcoin reserve bill has passed the Economic Development Commission and now awaits debate at the Chamber of Deputies.
On August 20, Brazil will host a crucial public hearing to discuss the potential creation of a Strategic Bitcoin Reserve. The proposal, introduced by Federal Deputy Eros Biondini, could mark a major shift in Brazil’s financial strategy. This hearing will allow lawmakers, industry experts, and central bank officials to debate the feasibility and risks of including Bitcoin in the country’s official reserves.
Proposal for Bitcoin Integration in Brazil National Reserves
The Strategic Bitcoin Reserve bill, introduced by Deputy Eros Biondini in November 2024, has now reached a critical stage in Brazil’s legislative process. The bill, aimed at allocating up to 5% of Brazil’s foreign exchange reserves to Bitcoin, is being discussed by the Economic Development Commission.
A public hearing, requested by Deputy Luiz Philippe de Orleans e Bragança, is scheduled for August 20 at the Chamber of Deputies in Brasília. This will be the first formal debate on including Bitcoin as part of Brazil’s national reserves.
Key figures, including Diego Kolling, head of Bitcoin strategy at Méliuz, and Rubens Sardenberg of the Brazilian Federation of Banks, will attend the session. Representatives from the Central Bank, Ministry of Finance, and Ministry of Development, Industry, Commerce, and Services have also been invited.
BREAKING: 🇧🇷 Brazil to hold first Bitcoin strategic reserve hearing on August 20th.
Nation-states are starting to FOMO into Bitcoin 👀 pic.twitter.com/zbZDrXSfZM
— Bitcoin Archive (@BTC_Archive) August 5, 2025
The hearing is open to both experts and the public, marking a significant step in the nation’s exploration of digital assets.
If approved by lawmakers, the bill will require further legislative approval and presidential sanction to become law. This could signal a shift in Brazil’s financial strategy toward adopting cryptocurrencies.
Brazil Stakeholders and Participants in the Upcoming Hearing
The hearing will take place in Brasília at the Chamber of Deputies. It is expected to include a wide range of participants, including government representatives and figures from the cryptocurrency industry. Key attendees include Diego Kolling, head of Bitcoin strategy at Méliuz, and Rubens Sardenberg, chief economist of the Brazilian Federation of Banks.
Representatives from the Central Bank of Brazil, the Ministry of Finance, and the Ministry of Development, Industry, Commerce, and Services have also been invited.
This event will be open to the public, allowing experts and citizens to participate in the debate. It is expected to be a key moment in shaping the direction of Brazil’s financial future. Although some officials have yet to confirm their attendance, the hearing promises to generate significant discussion on the role of digital currencies in national economies.
Legislative Journey and Challenges Ahead for the Bitcoin Reserve
The bill will need to pass through several legislative steps before becoming law. If the bill receives approval from the Chamber of Deputies, it will be sent to the Senate for further debate.
After that, it would require presidential approval to be enacted. Lawmakers and experts are aware that the process is likely to be lengthy, given the complexities involved in integrating cryptocurrencies into the national reserve system.
A key topic of the hearing will be the technical aspects of managing Bitcoin reserves. Issues such as storage, security, and regulatory compliance are expected to be addressed. These factors will be crucial in ensuring that the reserve is both secure and viable.
Brazil move to explore a Bitcoin reserve could have lasting effects on its economic strategy, with potential benefits and challenges that need careful consideration. The public hearing will play an essential role in evaluating the risks and opportunities of this proposal.
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