Bitcoin Reserve proposal: Florida and North Carolina eye crypto for state treasuries

Quick Summary:

Florida and North Carolina lead U.S.states in Bitcoin adoption with Senate Bill 550.

Lawmakers aim to allocate public funds into Bitcoin.

If enacted, the legislation would empower the state’s Chief Financial Officer to manage Bitcoin holdings through qualified custodians, exchange-traded products, or direct ownership.

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Article Details

Author / Journalist: Ishika Kumari

Category: Crypto

Markets: United StatesBrazilMexico

Topics: Ambcrypto News Social Trading View BTC Trading View News 1 Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-11 @ 18:00:24 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 676 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 26090480

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 21 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #103

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