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New Hampshire allows the inclusion of Bitcoin in the state reserves Ukrainian news

New Hampshire will be able to invest up to 5 % of public funds in digital assets

Andrii vodianyi

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Photo: Resprosphotos.com

The US State of New Hampshire approved a law that creates the first coded currency reserves in the United States.

Republican ruler Kelly Ayot wrote on Tuesday on the social network X. Republican ruler Kelly Ayot wrote on Tuesday on the social network X. Republican Governor Kelly Ayot wrote on Tuesday on the social network x.:

According to Bill HB302, the state can invest up to 5 % of public funds in precious metals and digital assets with the market value of more than $ 500 billion. Bitcoin only fits this standard, according to Business Insider .

The law enters into force after 60 days of signing.

Similar bills have been seen in more than one state, but she stopped in Montana, Wyoumeng, North Dakota and Pennsylvania, and Florida recently withdrew her reserve bills.

At the federal level, the Donald Trump administration ordered the creation of a national bitcoin reserve, but only from the mineral currencies already owned by the government, without any commitment to purchase more.

Bitcoin supporters believe that the creation of Bitcoin reserves can be a hedge against inflation and instability in the traditional financial system.

  • Unlike the United States, Europe is not thinking about including Bitcoin in its reserves. The President of the Swiss Central Bank recently said that cryptocurrencies have a lot of fluctuations and insufficient liquidity to maintain the value of foreign currency reserves.
  • The President of the European Central Bank, Christine Lagarde, was also skeptical of opportunities for the largest encrypted currency to reach international reserves in Europe. She explained that the Central Bank reserves must be liquid and reliable, and there should be no doubts about money laundering or other criminal activities. “As a result, I am sure that Bitcoin will not be included in the reserves of any of the central banks in the General Council of the European Central Bank,” Lagarde said.



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