Brazil to Discuss ‘Sovereign Strategic Reserve of Bitcoins’, Crypto on August 20
Key Notes
- Brazilian lawmakers seek to diversify national treasury assets through Bitcoin reserves to protect against currency fluctuations.
- The proposed legislation confuses Bitcoin terminology with general cryptocurrency references throughout official documentation.
- Only two of six invited institutions have confirmed attendance for the crucial policy discussion meeting.
On August 20, the Economic Development Committee (Comissão de Desenvolvimento Econômico, in Portuguese) of the Brazilian House of Representatives (Câmara dos Deputados, in Brazil) will host a public hearing with cryptocurrency experts and industry leaders to discuss the implementation of what is being called a “Sovereign Strategic Reserve of…
