Lawmakers in Brazil have revived the bill to establish a nationwide Strategic Sovereign Bitcoin Reserve (RESBit). This proposal, which involves purchasing one million Bitcoins within five years, aims to diversify the country’s financial reserves and include Bitcoin in the official strategy.
Key Elements of the Bill
The proposal was presented to parliament by Federal Deputy Luiz Gastão. Among the proposed legislation, articles such as gradually adding at least one million Bitcoins to the state inventory, prohibiting the sale of crypto assets seized by judicial authorities, and keeping these assets under public control are noteworthy. In addition, it paves the way for the state to collect tax revenues with Bitcoin and to provide various incentives for public institutions to mine and store Bitcoin.
Transparency and Security Measures
The issue of transparency stands out in the proposal. It is mandatory to share the amount of Bitcoin held in the RESBit fund with the public. For this purpose, it is planned to make regular notifications through digital platforms and for the society to be able to directly monitor. On the storage side, special importance is given to storing assets using methods that comply with international security standards such as “cold wallet” and “multi-signature”.
Other Applications on a Global Scale
With this move, Brazil aims to join the few countries that hold Bitcoin in their national reserves. The world’s most famous example in this field is El Salvador. The Central American country, led by President Nayib Bukele, has established official reserves of more than 7,560 Bitcoins. Although the practice of Bitcoin being a compulsory payment instrument throughout the country has been partially softened after the agreements made with the IMF, the government continues to purchase Bitcoin and adopts address diversity in order to increase asset security.
In the United States, it is proposed to create a federal strategic Bitcoin reserve with legislative proposals such as the BITCOIN Act, which Congress brought to the agenda at the beginning of 2025. Additionally, in states such as New Hampshire and Arizona, the legal infrastructure is being prepared for the investment of public funds in crypto assets. With a presidential decree issued by President Donald Trump in March 2025, Bitcoin obtained through judicial means was instructed to be collected for use in public expenditures and kept in reserves without creating a new tax burden.
In Europe, the Czech Central Bank has converted some of its assets into Bitcoin, while a new constitutional proposal prepared with the initiative of citizens in Switzerland aims to oblige the central bank to officially hold Bitcoin.
Countries such as Hong Kong, Ukraine and Pakistan are also taking various legal and infrastructural steps to create Bitcoin reserves on a national scale. For example, Pakistan has previously shared the guarantee that future reserves will not be sold.
Brazil’s new legislative proposal could radically change Bitcoin policies in the country and set a noteworthy example internationally. In particular, it stands out that the legal framework includes transparency, security and incentive elements.
