Brazilian presidential candidate Renan Santos recently stated that Brazil should consider establishing a national-level Bitcoin strategic reserve, calling the plan "feasible" and including it in his campaign platform. Santos is the founder of the newly established party "Mission Party" (Partido Missão) and also a co-founder of the right-wing "Free Brazil Movement." He publicly expressed his hope to emulate Salvadoran President Nayib Bukele's Bitcoin policies and anti-corruption approach. In recent years, discussions within Brazil about including Bitcoin in the national financial reserves have intensified, and the Congress has held hearings on related topics. Santos also said that blockchain technology can serve as an important tool for anti-corruption efforts in the public sector and help improve transparency of funds. (DL News)
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Brazilian presidential candidate Renan Santos recently stated that Brazil should consider establishing a national-level Bitcoin strategic reserve, calling the plan "feasible" and including it in his campaign platform. Santos is the founder of the newly established party "Mission Party" (Partido Missão) and also a co-founder of the right-wing "Free Brazil Movement." He publicly expressed his hope to emulate Salvadoran President Nayib Bukele's Bitcoin policies and anti-corruption approach. In recent years, discussions within Brazil about including Bitcoin in the national financial reserves have intensified, and the Congress has held hearings on related topics. Santos also said that blockchain technology can serve as an important tool for anti-corruption efforts in the public sector and help improve transparency of funds. (DL News)