Brazil Weighs Bitcoin Reserve at Rio Central Bank Meeting

Brazil’s central bank will host the Central Banking Autumn Meetings in Rio de Janeiro next month to discuss a potential Bitcoin reserve in its sovereign assets. Domestic lawmakers have proposed a $19 billion Bitcoin reserve, positioning the asset alongside gold and foreign currencies as an inflation hedge. Senior officials will meet peers from Colombia, Jamaica and the Bahamas to examine volatility, liquidity and the role of stablecoins, CBDC frameworks and broader digital asset policy. The meetings coincide with the rollout of Drex, Brazil’s CBDC, which experts say could pave the way for tokenised reserve management. However, secure custody, auditing and accounting standards remain key hurdles for a formal Bitcoin reserve strategy.