[The Central Bank of Brazil Opposes Bitcoin as Strategic Reserve, Citing High Volatility Impacting Monetary Policy Credibility] According to stackfy.app, the Brazilian House of Representatives held a hearing to discuss Bill No. 4501/2024, which proposes allocating up to 5% (approximately $16.4 billion) of international reserves to Bitcoin, to be managed by the Central Bank and the Ministry of Finance. The Central Bank opposed the proposal, stating that Bitcoin's high volatility could impact the credibility of monetary policy. The bill is still under further review.