Establishes the Community Bitcoin Reserve Program in Illinois to hold Bitcoin for community benefit.
The Community Bitcoin Reserve Act establishes the Community Bitcoin Reserve Program within the Department of Commerce and Economic Opportunity. The Altgeld Bitcoin Reserve is designated as the first community reserve site, with additional communities potentially approved by the Department. Bitcoin held under this Act must be secured using multisignature cold-storage custody, requiring a minimum threshold of approvals.
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- Core Provisions
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- Legal Framework
- Critical Issues
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