Second Country wants digital as a Strategic Asset reserve.
Mark of the beast system currencies getting closer.
Once the divide of Banks & Government is adopted to end with digital currencies – Mark of the Beast will not be far behind. At this stage December 2024 it is only about 8 years away to being mandatory
We will see of course – As financial market people say.
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Bitcoin strategic reserve bill introduced in Brazil’s Congress
by Estefano Gomez Nov. 26, 2024
Federal deputy proposes the Sovereign Strategic Reserve of Bitcoins to hold up to 5% of Brazil’s international reserves.
Key Takeaways
A Brazilian bill proposes creating a national Bitcoin reserve managing up to 5% of international reserves.
The reserve aims to back Brazil’s central bank digital currency using blockchain and AI for transaction integrity.
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A Brazilian federal deputy introduced legislation to create a national Bitcoin reserve that would hold up to 5% of the country’s international reserves.
The proposal aims to diversify the Treasury’s assets and support the country’s central bank digital currency (CBDC).
The bill, filed on November 25 by Federal Deputy Eros Biondini, proposes establishing the Sovereign Strategic Reserve of Bitcoins (RESBit).
It would be managed by Brazil’s Central Bank in partnership with the Ministry of Finance, utilizing cold wallets for security.
“The formation of RESBit is a strategic measure that positions Brazil at the forefront of the new digital economy, reducing economic risks and expanding opportunities for technological and financial development,” Biondini wrote in the bill’s justification.
The proposed reserve would back the issuance of Drex, Brazil’s CBDC, and include advanced monitoring systems using artificial intelligence and blockchain technology to ensure transaction integrity.
Management would follow Brazil’s Fiscal Responsibility Law, with semiannual reports to the National Congress.
“The cryptocurrency market has shown consistent expansion. In 2021, the total global cryptocurrency market surpassed $3 trillion, according to CoinGecko. Although volatile, cryptocurrencies are consolidating as a legitimate asset class,” Biondini stated in the bill.
The legislation also includes provisions for educational programs to inform the public about digital assets, with implementation planned through a gradual and controlled acquisition process.
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Mark of the beast optional by end of 2030 possibly
Disasters are detailed in the Bible. These manmade disasters described by Angels sounding God's warnings in the form of a war time instrument called a Trumpet
