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.

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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