Georgia proposes new bill to allow state fiscal investment in Bitcoin unlimited
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Golden Finance reported that according to Cointelegraph, the Georgia Senate proposed Bill 228 (SB 228), intending to amend the provisions of Title 50 of the State Code, Chapter 17, Article 3 of the State Depository Authority, authorizing the State Depository Commission to allow the state The Ministry of Finance invests in Bitcoin.
The bill requires the state Treasury Department to formulate relevant policies and procedures for the reception, storage and transaction of Bitcoin, and stipulate that Bitcoin held by the state government must be implemented in accordance with these policies. The bill, jointly proposed by five senators including Senator Esteves of District 35, is awaiting deliberations in the Georgia Assembly.