The new Senate Bill 327 aims to allocate up to 10% of North Carolina’s public funds to Bitcoin, establishing the state as a leader in cryptocurrency adoption.
To ensure security, Bitcoin must be stored in multi-signature cold storage and audited monthly. The bill restricts Bitcoin sales to severe financial crises, requiring legislative approval.
A Bitcoin Economic Advisory Board will guide management, and the bill allows for potential Bitcoin mining to enhance state holdings at lower costs.
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