Renan Santos, a Brazilian presidential candidate, has proposed the establishment of a national Bitcoin reserve, citing its feasibility and inclusion in his campaign platform. Santos, founder of the newly formed "Partido Missão" and co-founder of the right-wing "Free Brazil Movement," aims to emulate the Bitcoin policies and anti-corruption strategies of El Salvador's President Nayib Bukele. The proposal comes amid growing discussions in Brazil about incorporating Bitcoin into national fiscal reserves, with Congress having held hearings on the matter.
Santos also advocates for the use of blockchain technology as a tool to combat corruption in the public sector, suggesting it could enhance financial transparency. This aligns with his broader vision of leveraging digital assets and technology to improve governance and economic stability in Brazil.
Brazil Presidential Candidate Proposes National Bitcoin Reserve
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