The North Carolina Senate has proposed a Bitcoin reserve bill, allowing up to 10% of public funds to be allocated to Bitcoin
Bitget2025/03/19 02:25
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According to Bitcoin Laws, the North Carolina Bitcoin Reserve Bill SB327 authorizes the state treasurer to allocate up to 10% of public funds to Bitcoin. The details are as follows:
· Custody: Multisignature cold storage;
· Reserve proof: Monthly audits;
· Holding: Only allowed to sell under strict conditions during a "severe financial crisis".
North Carolina currently has $9.5 billion in its general fund.
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