The bill limits investments in the products circulated on the Bitcoin Stock Exchange only, but it includes different state funds such as pensions and insurance.
North Carolina has become the latest US state to propose legislation that allows the state’s secretary to invest public funds in the “qualified” digital assets.
The NC 92 Digital Investment Law (HB 92), which was submitted by North Carolina President in the Destin Hall Hall on February 10, will diversify state investments by allowing the fund secretary to include digital assets in his wallet.
However, one of the requirements is that digital assets should be a trading product for exchange.
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