North Carolina S327 establishes a Bitcoin reserve, allowing strategic investment and use for financial resilience and economic growth.

North Carolina S327, the Bitcoin Reserve and Investment Act, authorizes the State Treasurer to allocate up to 10% of public funds into Bitcoin as a strategic financial asset. The Bitcoin Reserve can be used to respond to financial crises, finance infrastructure projects, and support Bitcoin-related research and education. The Treasurer must manage the reserve with multi-signature authentication and conduct monthly audits. The act also mandates compliance with federal and state regulations and requires quarterly reports to the General Assembly.

North Carolina S327 establishes a Bitcoin reserve, allowing strategic investment and use for financial resilience and economic growth.

North Carolina S327, the Bitcoin Reserve and Investment Act, authorizes the State Treasurer to allocate up to 10% of public funds into Bitcoin as a strategic financial asset. The Bitcoin Reserve can be used to respond to financial crises, finance infrastructure projects, and support Bitcoin-related research and education. The Treasurer must manage the reserve with multi-signature authentication and conduct monthly audits. The act also mandates compliance with federal and state regulations and requires quarterly reports to the General Assembly.