Papua New Guinea’s government is examining proposals to establish a strategic Bitcoin reserve, according to industry discussions held with local officials on 13 August. Authorities are exploring whether holding the cryptocurrency could strengthen the Pacific nation’s financial position and diversify its reserves. On the same day, Vietnam’s government confirmed plans to launch the country’s first state-owned Bitcoin and cryptocurrency exchange. The move would give the socialist republic a direct role in facilitating digital-asset trading, signalling a shift from its previously cautious stance toward the industry. In Brazil, the city council of Campinas—the nation’s sixth-largest municipality—approved legislation in a second-round vote to market the city as Brazil’s “Bitcoin capital.” The measure forms part of a broader bid to attract blockchain investment and foster fintech development in the local economy.
JUST IN: 🇵🇬 Papua New Guinea is studying plans for a strategic Bitcoin reserve. https://t.co/odXMTrYVVa
JUST IN: 🇵🇬 Papua New Guinea is exploring the creation of a strategic Bitcoin reserve. Bitcoin game theory is playing out. 🚀 https://t.co/3YtDLfZfW4
JUST IN: Vietnamese government to launch its first Bitcoin and crypto exchange. Another country opening the gates 🌏🚀 https://t.co/DLwJVi9fYS