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There has been an interesting development in Brazilian politics recently. Candidate Renan Santos openly stated that establishing a Bitcoin strategic reserve for the country is no longer just talk; he plans to include this in his campaign promises.
The candidate's idea is inspired by the practice of neighboring El Salvador—where Bitcoin has long been integrated into national treasury management. The Brazilian Congress is also familiar with this concept; in November 2024, legislator Eros Biondini submitted a draft bill suggesting that the finance department consider purchasing Bitcoin and other relatively secure crypto assets as reserves.
Interestingly, Santos also mentioned another use of blockchain in the public sector—anti-corruption. He believes this technology can play a role in fighting corruption. Of course, his views differ significantly from those of the current president and another leading candidate.