According to information from the official website of the council, at least six institutions will be present, including the Central Bank of Brazil, the Ministry of Finance, the Crypto Initiative Association, financial technology companies, and representatives from the banking industry.
The bill was first proposed in November 2024, allowing for the utilization of up to 5% of the national fiscal reserves to purchase Bitcoin. Based on Brazil’s foreign exchange reserves of approximately $300 billion as of February 2025, this move could potentially allocate up to $15 billion into the cryptocurrency market.
