North Carolina's new Bitcoin Reserve Bill will authorize the use of 10% of public funds to purchase Bitcoin

Blockbeats
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BlockBeats News, March 19, according to Bitcoin Laws, the new Bitcoin Reserve Bill SB327 in North Carolina authorizes the State Treasurer to allocate up to 10% of public funds to Bitcoin. The details are as follows:

· Custody: Multisignature cold storage

· Reserve Proof: Monthly audit

· Holding: Only allowed to be sold under strict conditions in times of "severe financial distress"

North Carolina currently holds $9.5 billion in its general fund.

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