north Carolina is the first US state of Bitcoin reserve: Brave step into the financial future

<p> <strong> north Carolina is the first US state of Bitcoin reserve: Brave step into the financial future </strong> </p>

north Carolina: Previous for Bitcoin investments in state funds

The US state of North Carolina plans an innovative step into the world of financial technologies with the new draft law "Senate Bill 327". This provides for up to 10 % of public state funds to invest in Bitcoin (BTC). This could make North Carolina the first state to introduce an officially recognized Bitcoin reserve as a strategic financial instrument.

Bitcoin reserve as part of the state financial strategy

The draft law, brought in by the senators Todd Johnson and Brad Overcash and supported by Timothy Moffitt, aims to integrate Bitcoin into the long -term financial policy of the state. The newly created Bitcoin reserve should not only act as a value memory, but also offer the potential for further participation in the crypto sector.

According to the draft law, the Ministry of Finance receives the authority to convert up to 10 % of the available public funds into Bitcoin. This Bitcoin reserve is kept in a so-called cold storage with multi-signature security-a method that is often considered safe among experienced investors.

The acquisition of Bitcoin is only planned via regulated US stock exchanges and takes place in large quantities in order to benefit from an advantageous market movements. The responsibility for the management of the Bitcoin reserve is transferred to a newly established department in the State Treasurer's office, which is responsible for supervision, monthly exams and necessary insurance.

In addition, a Bitcoin Economic Advisory Board is launched. This committee of experts is intended to make strategic recommendations. The state is also considering the possibility of achieving additional returns through activities such as Bitcoin lending or building mining companies.

clear guidelines for the use of the Bitcoin reserve

The law determines clear framework conditions for the use of the Bitcoin reserve. Liquidation of the Bitcoin stocks is only permitted in the event of a financial emergency or for approved investment strategies and infrastructure projects. In all other cases, parliament is required. Transparency plays a central role, which is why the Ministry of Finance is obliged to provide quarterly reports to the legislative and public updates.

This advance North Carolinas is part of a broader trend that more and more US states are pursuing by examining part of their public funds in cryptocurrencies. The former President Donald Trump recently signed an executive order that aims to create a national strategic Bitcoin reserve based on confiscated bitcoins.

What was once considered a niche is becoming increasingly part of state financial policy. The possible adoption of Bitcoin by states such as North Carolina could be the starting signal for a new era in the financial landscape. At the time of the creation of this article, the Bitcoin course is $ 83,823, which means a decrease of 1.62 % in the last 24 hours.