The Chairman of the Committee for Control of the House of Representatives of Arizona Jeff Weninger said that the state became the second American state that created a similar fund. Unlike the previously blocked Hobs, the bill on the creation of a reserve of bitcoins, this one does not involve the use of budget funds and pension funds for buying cryptocurrency. The new law provides for the creation of a crypto fund due to the seizure of unclaimed confiscated digital assets. Condition: if the owner of the assets does not respond to Castodiana reports for three years.
“This law demonstrates that Arizona does not ignore the advantages of digital assets and intends to become the country’s leader in ensuring security, management and ultimately extracting the benefits from abandoned cryptocurrency,” the Bennger said.
The deputy said that qualified casteans will be able to use unclaimed digital assets to receive coins, which can then be directed to the future possible reserve fund of bitcoins and other digital assets.
Earlier, Governor New Hampshire Kelly Ayotte signed a law that allows the state treasury to invest up to 5% of state funds in bitcoins.
Source: Bits
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