The Brazilian House of Representatives has proposed an alternative to the "National Bitcoin Strategic Reserve," aiming to "hoard" at least 1 million Bitcoins over five years.

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PANews reported on February 13 that, according to the official website of the Brazilian Chamber of Deputies, the Economic Development Committee submitted an alternative to PL4501/2024: establishing a national strategic Bitcoin reserve, RESBit, with the aim of "hoarding" at least 1 million BTC over 5 years; allowing the use of BTC for tax payment, granting income tax exemptions for capital gains from digital assets, and including rights such as user self-custody/transfer freedom.

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