According to documents on the official website of the Brazilian Chamber of Odaily, the Economic Development Committee of the Chamber of Deputies has submitted a strategic Bitcoin reserve alternative plan. The plan aims to purchase at least 1 million Bitcoins within 5 years and prohibit the sale of Bitcoins seized by judicial authorities. The bill also allows the use of Bitcoin for tax payment and provides income tax exemption for capital gains from digital assets, while emphasizing user self-custody and freedom of transfer.
It is reported that the Brazilian Congress first introduced the PL 4501/2024 bill in November 2024, proposed by Congressman Eros Biondini. The bill aimed to establish a strategic Bitcoin reserve (RESBit) by gradually acquiring Bitcoin and incorporating it as part of the national reserve assets to hedge against exchange rate fluctuations and geopolitical risks. The bill initially proposed limiting the proportion of Bitcoin in Brazil's international reserves to no more than 5% (equivalent to approximately $17.5 billion based on the then-current reserves of approximately $350 billion), jointly managed by the central bank and the Ministry of Finance, and requiring regular risk assessments.
In 2025, the bill made some progress, including its first public hearing on August 20 at the House Committee on Economic Development (CDE), where the potential size of the reserve (approximately $18.6 billion) and implementation details were discussed. However, the Central Bank of Brazil objected, arguing that Bitcoin would increase the risk to the reserve portfolio.
The Economic Development Board submitted the latest version on February 9, 2026.
