North Carolina Senate introduces Bitcoin Reserve Act, allowing up to 10% of public funds to be allocated to Bitcoin

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ODAILY
03-19
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Odaily reports that the North Carolina Senate has introduced Bill SB327, which authorizes the state's Treasury Department to allocate up to 10% of public funds to Bitcoin. Custody method: multi-signature cold storage, reserve auditing: monthly review, holding policy: only allowed to sell under "severe financial crisis" and strict conditions. Currently, North Carolina has two Bitcoin reserve bills in the legislative process, House Bill 92 (HB92) and Senate Bill 327 (SB327). The state's current general fund is $9.5 billion.

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