menu
techminis

A naukri.com initiative

google-web-stories
source image

Bitcoinist

1M

read

67

img
dot

Image Credit: Bitcoinist

Pennsylvania House Moves To Add Bitcoin To State Balance Sheet As Reserve Asset

  • Pennsylvania lawmakers have introduced the Pennsylvania Bitcoin Strategic Reserve Act, which would allow the state treasury to hold Bitcoin on its balance sheet.
  • The legislation aims to allocate up to 10% of the state's funds into Bitcoin as a hedge against inflation and to diversify investments.
  • Pennsylvania's House recently passed a Bitcoin Rights bill, protecting residents' rights to self-custody digital assets and use Bitcoin for payments.
  • If enacted, Pennsylvania would be the first state to hold Bitcoin directly on its balance sheet, potentially leading to broader adoption of digital assets in state investment strategies.

Read Full Article

like

4 Likes

For uninterrupted reading, download the app