#ArizonaBTCReserve
The state of Arizona has enacted the Strategic Reserve Law for Bitcoin, which authorizes the Department of Treasury and the state pension funds to allocate up to 10% of available funds to Bitcoin and other digital assets. If enacted, Arizona will become the first U.S. state to legally invest its public funds in Bitcoin.
💬 What do you think about states owning Bitcoin? Does this set a precedent? Share your opinion!
#AbuDhabiStablecoin
Both the Abu Dhabi Development Holding Company (ADQ) and International Holding Company (IHC), along with First Abu Dhabi Bank, are launching a stablecoin backed by the UAE dirham, which is fully regulated by the Central Bank of the United Arab Emirates. This step is part of a broader national strategy to accelerate the growth of the digital assets economy in the region.
💬 How do you see the impact of government-backed stablecoins on the future of cryptocurrencies and global payments? Share your opinion!