Kansas SB352 establishes the bitcoin and digital assets reserve fund and outlines procedures for handling abandoned digital assets.
Kansas SB352 creates the bitcoin and digital assets reserve fund, administered by the state treasurer. The fund will consist of airdrops, staking rewards, and interest earned from digital assets. The bill defines digital assets as virtual currencies, cryptocurrencies, and other digital-only assets. It also sets procedures for handling abandoned digital assets, including transferring them to the reserve fund if unclaimed. The state treasurer will credit 10% of each deposit of digital assets in the reserve fund to the state general fund.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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