Brazilian Presidential Candidate Calls for Establishing a National Bitcoin Reserve

Golden Finance reports that Brazilian presidential candidate and founder of the Missão (Mission) party, Renan Santos, recently stated on a podcast that Brazil should consider establishing a national Bitcoin reserve and described the proposal as “feasible in reality.” He pointed out that some countries have already begun exploring similar approaches, and Brazil could gradually build a Bitcoin reserve system. Renan Santos said that his campaign platform already includes content related to Bitcoin and believes that blockchain technology can serve as a tool for the public sector to enhance transparency and combat corruption. Previously, the Brazilian Congress held a public hearing on the strategic Bitcoin reserve issue, with discussions initiated by pro-cryptocurrency legislators. The Brazilian presidential election will be held in October this year.