Illinois proposes bill to establish state-level Bitcoin reserve

BTC-2,19%

Odaily Planet Daily reports that Bitcoin.com News posted on the X platform that Illinois introduced the “Community Bitcoin Reserve Act” earlier this week. The bill aims to establish a state-operated program that holds Bitcoin through multi-signature cold storage, with the Altgeld Bitcoin Reserve being the first. According to the bill, the reserved Bitcoin can only be traded or sold if authorized by new legislation.

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