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North Carolina State Budget in the US is Preparing to Buy Bitcoin with 10% of Its Budget! Here are the Details
North Carolina is taking a bold step towards Bitcoin with the enactment of bill SB327, which authorizes the State Treasurer to allocate up to 10% of public funds to Bitcoin (BTC) as part of its financial reserves.
North Carolina Moves to Establish Bitcoin Reserves with SB327 Bill
Fundamental Provisions of SB327
The draft outlines strict rules to ensure the secure storage, transparency, and responsible management of the state's Bitcoin assets:
Growing Trend in the Adoption of Bitcoin at the State Level
North Carolina joins the growing list of U.S. states exploring Bitcoin as a treasury asset, following other jurisdictions aimed at diversifying reserves and protecting against inflation.
The proposal highlights the increasing role of Bitcoin in state-level financial strategies and aligns with broader national discussions on crypto-friendly policies and the integration of digital assets into public finance.