Wu said that the 103rd Missouri General Assembly has introduced House Bill 2080 (sponsored by Representative Keathley) to establish a "Bitcoin Strategic Reserve Fund" under Chapter 30 of RSMo. The core provisions are: managed by the State Treasurer, funded by resident donations or bequests of Bitcoin; stored securely for at least 5 years, with the ability to transfer, sell, or exchange for other cryptocurrencies; Bitcoin must be stored securely, with restrictions on involvement with foreign, national entities, or illegal activities; cooperation with domestic third-party crypto institutions is permitted; reports on holdings and security are to be published every two years; a simple donation process and an honors program are provided; the Treasurer may invest in or hold cryptocurrencies using state funds; government agencies must accept crypto payments approved by the tax authority. The bill has not yet been passed; the specific effective date and details are subject to final legislation.

BTC-3,96%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)