<ul data-eligibleForWebStory="true"><li>Brazil's Strategic Bitcoin Reserve Bill has passed the Economic Development Committee in the Chamber of Deputies.</li><li>The bill aims to create a 'Sovereign Strategic Bitcoin Reserve' for the federal government.</li><li>This move positions Brazil among nations considering BTC as a hedge or strategic asset in national reserves.</li><li>Approval in committee is a significant step for the initiative in Brazil's legislative process.</li><li>The bill proposes reserve accumulation, custody guidelines, and regulatory oversight aligned with national interests.</li><li>Global trend of countries re-evaluating monetary strategies under inflationary and geopolitical pressures.</li><li>If enacted, Brazil would be the first major Latin American economy to hold Bitcoin in its treasury.</li><li>Institutional recognition growing for Bitcoin's role in national financial systems.</li><li>Bitcoin's price target of $120,000 and altcoins signaling historic breakout potential.</li><li>The news was originally reported by Coindoo.</li></ul>

Brazil Moves Closer to Holding Bitcoin in National Reserves: Strategic Reserve Bill Passes First Committee in Chamber

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