U.S. State Proposes Allocating 10% of Public Funds to Bitcoin 

North Carolina is making a significant move towards adopting Bitcoin as part of its fiscal strategy with the introduction of SB327.

This bill allows the State Treasurer to invest up to 10% of the state’s public funds into Bitcoin (BTC) as a way to diversify and strengthen its reserves.

The bill comes with specific guidelines to ensure the safe management and transparency of the Bitcoin holdings. It mandates that the cryptocurrency be stored in multi-signature cold wallets for enhanced security.

Regular audits will be conducted monthly to maintain transparency and verify the holdings, reinforcing the state’s commitment to accountability. Furthermore, the sale of Bitcoin will be heavily restricted, only permitted in cases of dire financial need, and under strict guidelines.

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With SB327, North Carolina is joining a growing trend across the United States, where several states are looking into integrating Bitcoin into their financial frameworks.

This movement reflects the increasing interest in digital assets as a hedge against inflation and a step towards more diversified state reserves. The bill aligns with broader discussions on adopting crypto-friendly policies at the state and national levels.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.