Brazil Proposes Bitcoin Reserve, El Salvador Leads with Volcano Mining

In Latin America this week, Brazil introduced a bill to create a Strategic Bitcoin Reserve, allowing up to 5% of international reserves to be allocated to BTC. Aiming to reduce currency volatility and promote blockchain adoption.

Meanwhile, El Salvador’s President Bukele proposed a “rent-a-volcano” program to monetize geothermal energy for Bitcoin mining. Making the country a leader in green mining. Additionally, investment firm Vaneck praised Bukele’s Bitcoin initiatives. Calling El Salvador’s transformation a regional success and highlighting the impact of Bitcoin adoption on improving life and security for citizens.

Clever Robot News Desk 2^nd December 2024