The Brazilian House of Representatives discusses a bill to invest 5% of the International Reserve in Bitcoin.

[Chain News] On August 21, it was reported that the Brazilian House of Representatives held a hearing to discuss Bill No. 4501/2024, which proposes to allocate up to 5% (approximately $16.4 billion) of the International Reserve to Bitcoin, managed by the Central Bank and the Ministry of Finance. The Central Bank opposes this, stating that Bitcoin's Fluctuation is high and may affect the credibility of monetary policy. The bill is still pending further review.

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SchroedingerGasvip
· 08-21 03:28
16.4 billion is so tempting!
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ForkLibertarianvip
· 08-21 03:27
What is the Central Bank afraid of?
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FarmToRichesvip
· 08-21 03:15
This is quite reliable.
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Ser_Liquidatedvip
· 08-21 03:09
Such a large fluctuation, do you dare to save it?
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ContractSurrendervip
· 08-21 03:03
A policy of stable compensation without profit
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