Lawmakers have reintroduced a bill to establish a sovereign strategic BTC reserve, with a five-year accumulation plan.
Brazilian lawmakers have reintroduced a bill to create a national strategic Bitcoin reserve, called RESBit (Strategic Sovereign Bitcoin Reserve), with the goal of gradually acquiring 1 million bitcoins over five years.
The bill, introduced by federal deputy Luiz Gastão (PSD/CE), establishes a comprehensive regulatory framework to integrate BTC into the country’s financial strategy and diversify national reserves. The legislative proposal prohibits the sale of bitcoins seized by Brazilian judicial authorities, ensuring these assets remain under public control.
RESBit would also allow the collection of Brazilian federal taxes in BTC and offer incentives to public companies to engage in Bitcoin mining and storage. The bill provides for public disclosure of BTC reserves through internet platforms, enabling public auditing, and establishes the use of secure storage technologies such as cold wallets, multisignature wallets and other internationally recognized mechanisms.
The legislation would also allow temporary holding of Bitcoin-backed spot ETFs in the reserve portfolio, under urgent and limited circumstances. If approved, Brazil could join the group of countries holding bitcoin at the national level.
