Brazil is set to hold public hearings on August 20, 2025, to debate a bold new proposal—establishing a national Bitcoin reserve. This initiative, introduced in November 2024 by Congressman Eros Biondini, is gaining renewed traction as policymakers explore digital assets as a solution to the country’s financial challenges.
A Vision for Economic Sovereignty Through Bitcoin
Biondini’s proposal outlines the diversification of Brazil’s financial reserves by allocating up to 5% into Bitcoin and other crypto assets. Management of the reserve would fall under the Central Bank of Brazil, leveraging a blockchain infrastructure powered by artificial intelligence. This strategy aims to position Brazil at the forefront of crypto innovation and enhance the country’s economic sovereignty.
According to Biondini, the Bitcoin reserve could provide Brazil with a new mechanism to balance national reserves and address public debt, while establishing itself as a global pioneer in state-level crypto adoption.
Momentum Builds Ahead of Public Debate
The bill recently advanced to the Economic Development Commission (CDE), where Congressman Luís Felipe de Orleans e Bragança called for public hearings to gather broader input. The decision reflects the growing recognition of crypto’s potential role in national finance.
“These are possibly the most relevant discussions we’ve had in the Chamber in recent years,” said Biondini, adding that the initiative marks “a promising and timely opportunity for Brazil to take the lead globally.”
Who’s Involved in the Hearings?
The hearings will include not only lawmakers but also invited experts such as Diego Colling, head of Bitcoin strategy at Méliuz, a Brazilian fintech firm. Representatives from the Central Bank, Ministry of Finance, and Brazilian Association of Crypto Economy (ABcripto) will also attend.
Méliuz itself recently adopted a Bitcoin accumulation strategy, acquiring 274.52 BTC, further underscoring the legitimacy of the cryptocurrency as a reserve asset.
What Happens Next?
The public hearing serves as a critical step in the legislative journey. If the bill passes the Lower House, it will then proceed to the Senate. Approval there would pave the way for a presidential signature, enacting the law.
This development could mark a turning point for Brazil’s financial infrastructure, aligning it with a growing number of nations exploring crypto integration at the state level.
Conclusion
Brazil’s Bitcoin reserve proposal reflects a bold vision for the future of national finance. As the public hearing approaches, all eyes will be on Brazil’s Congress to see whether the country will embrace cryptocurrency as part of its sovereign wealth strategy. If successful, Brazil could set a global precedent, signaling a transformative shift toward decentralized finance in the public sector.
