An important bill focused on Bitcoin has been introduced in the US state of North Carolina. The bill, titled the “Bitcoin Reserve and Investment Act,” proposes to allocate a portion of the state’s public funds directly to Bitcoin investments.
According to the bill, the state treasurer would have the authority to allocate up to 10% of public funds to Bitcoin investments. This measure is intended to make North Carolina a leading state in financial innovation while creating long-term strategic reserves.
The bill also details security and governance issues. According to the bill, purchased Bitcoins will be stored in cold wallets with multi-signature protection. In addition, the status, safety and financial performance of the reserves are regularly audited on a monthly basis.
The bill also proposes the creation of a special “Economic Advisory Council” made up of industry experts. The committee is expected to guide the state’s Bitcoin strategy and help create a sustainable investment approach.
*This is not investment advice.
