Brazil Proposes Historic 1 Million Bitcoin Strategic Reserve Bill

TLDR: Brazil targets one million Bitcoin accumulation over five years through RESBit strategic reserve framework. Bill 4501/2024 permits Brazilian taxpayers to settle tax obligations directly using Bitcoin payments. Legislation prohibits sale of seized Bitcoins, retaining confiscated assets under public control. Brazil becomes first G20 nation to codify Bitcoin as sovereign reserve asset through formal legislation. [...]

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