Brazil proposed a bill to create a Sovereign Strategic Bitcoin Reserve (RESBit) to diversify assets and protect against risks 🌍💰

In Brazil, a bill has been proposed to create a Sovereign Bitcoin Reserve (RESBit), which will help protect the country from currency fluctuations and geopolitical risks. The reserve will constitute up to 5% of national assets and will be used as collateral for the digital real (Drex). The central bank manages the reserve through blockchain and AI, supported by an advisory committee. The bill also includes sanctions for violating reserve management regulations.