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Brazilian Presidential Candidate Calls for Establishment of National Bitcoin Reserve

Summary: According to reports, Renan Santos, the founder of the political party Missão and a presidential candidate in Brazil, recently stated on a podcast that Brazil should consider establishing a national Bitcoin reserve, calling the proposal 'feasible in reality'. He noted that some countries have already begun exploring similar practices, and Brazil could gradually build a ...

According to reports, Renan Santos, the founder of the political party Missão and a presidential candidate in Brazil, recently stated on a podcast that Brazil should consider establishing a national Bitcoin reserve, calling the proposal 'feasible in reality'. He noted that some countries have already begun exploring similar practices, and Brazil could gradually build a Bitcoin reserve system. Santos mentioned that his campaign platform includes Bitcoin-related content and believes that blockchain technology can enhance transparency and combat corruption in the public sector. Previously, the Brazilian Congress held a public hearing on the issue of strategic Bitcoin reserves, proposed by pro-crypto legislators. The Brazilian presidential election is scheduled for October this year. (DL News)

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