According to Techub News, as reported by Finance Feeds, the Brazilian House of Representatives held a public hearing for the first time on the proposal to establish a national "strategic Bitcoin reserve." This hearing was organized by the Economic Development Committee, focusing on the bill No. 4501/2024 proposed by Congressman Eros Biondini.





According to the proposal, the custody of reserves will be coordinated by the Central Bank of Brazil and the Ministry of Finance. However, the hearing clearly pointed out that there are still significant issues regarding governance, transparency, and long-term management. Critics highlight the volatility of Bitcoin, arguing that sudden price fluctuations could expose Brazil to financial risks. Others express concerns about technological security, including how the government will manage custody, prevent cyberattacks, and ensure accountability.
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