The North Carolina Senate has proposed a Bitcoin reserve bill, allowing up to 10% of public funds to be allocated to Bitcoin
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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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