Legislators in Chile are preparing to create a Bitcoin bench in Congress to lead the way in cryptocurrency regulation. The goal is to introduce a proposal for a strategic Bitcoin reserve later in 2025. Over 20 lawmakers have participated in meetings to explore this initiative and promote Bitcoin adoption and regulation in Latin America and globally. This move may face opposition from the central bank, which recently denied the possibility of adding BTC to its reserves. Chile would be the second country in Latin America, after Brazil, to propose a strategic Bitcoin reserve. El Salvador has already amassed over 6,000 BTC under its Bitcoin-friendly policies.



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