The Brazilian Chamber of Deputies is advancing an alternative bill related to Bitcoin, proposing to purchase at least 1 million Bitcoins over five years through cumulative acquisitions by the national treasury, at the current price of approximately 350 billion reais (about $68 billion USD). This amount represents 1/21 of Bitcoin's maximum supply and would make Brazil one of the largest Bitcoin holders in the world. In addition to establishing a national Bitcoin strategic reserve, the alternative bill also proposes full exemption from capital gains tax on digital assets, allows Bitcoin to be used for paying federal taxes, bans the auction of Bitcoin seized through judicial processes, and clarifies rights to self-custody and transaction privacy. The Central Bank of Brazil and the Ministry of Finance have expressed opposition, stating that Bitcoin does not meet the safety and liquidity standards for foreign exchange reserves. (Portal do Bitcoin)