"Bitcoin Set to Get the 'Green Light' for Investment in North Carolina: What’s the Secret Behind It?"
Another state in the U.S. is gearing up to pave the way for Bitcoin, and this time it's North Carolina. According to the latest information, the state is preparing to change laws to allow investment in cryptocurrency, specifically Bitcoin, with public funds.
The bill, named House Bill 506 (HB506), has just been proposed to establish an independent investment agency called the North Carolina Investment Authority (NCIA), headed by the state treasurer.
This agency will be allowed to use up to 5% of public funds to purchase digital assets such as Bitcoin.
