- Illinoi proposed a plan to hold Bitcoin in the state fund for at least five years before selling or using it. The draft law is still reviewed.
- Arizona, Texas and some other states also plan to bitcoin reserves. Experts believe that more countries may follow.
- More countries and major companies such as Blackrock are investing in Bitcoin, but groups such as the International Monetary Fund and the World Bank warn of their unstable price.
Bitcoin is now submitted to the legislative body in Illinois, and therefore one of the latest American states that venture into a financial strategy related to Bitcoin. Under the auspices of the representative of the state, John Capello, the draft law of the House of Representatives 1844 or HB1844 It recommends the creation of Bitcoin reserves in the form of a special fund within the Ministry of Governmental Treasury.
Illinois suggest the Bitcoin Reserve
One of the decisive stations in the draft law is that any bitcoin currencies that were presented in the box must be kept in the account for a period of at least five years before being sold, transferred or transferred to another. This approach tries to introduce Bitcoin into state financing with long -term stability in holdings. The draft law has been referred to the rules committee for further discussion and approval.
More US states and countries show interest in bitcoin reserves
Illinois is not the only country to consider bitcoin reserves. Just one day before this suggestion, Arizona made progress with its Bitcoin backup legislation, allowing public funds and pensions to invest in Bitcoin. Texas also included the creation of the Bitcoin Reserve in its legislative priorities for 2025. At least five other states, including Utah, are looking at similar measures. Supporters believe that this step can encourage more countries to recognize Bitcoin as a financial origin. While the step -by -step approach will allow risk management before the wider adoption. Mouloukou Sanoh, Mansa CEO, believes that this is a strong step towards bringing the cryptocurrency to traditional financing, although approval at the country level may take time due to organizational uncertainty.
Behind the United States, central banks in other countries are also thinking of Bitcoin. The Czech National Bank explores a plan to allocate up to 5 % of its reserves to Bitcoin, following the example of El Salvador. Governor Alice Michael stated that Bitcoin can help diversify the bank’s assets. American Senator Centeh Lomes once again talked about bitcoin reserves, saying it might help protect against inflation. The Federal Reserve also said that banks can use encryption, but they need to properly deal with risks.
Meanwhile, Bitcoin’s investment funds are more popular. And major companies like Blackrock invest in it, making Bitcoin more acceptable. However, groups such as the International Monetary Fund and the World Bank still warn that bitcoin price can be unstable and risky.
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