The document signed by the governor on May 6 allows the treasury to invest in other digital assets with a market capitalization of over $ 500 billion, but at the moment only bitcoin meets this criterion. The law will enter into force 60 days after signing, which will allow the formation of the reserve in July.
The bill establishes special requirements for the storage of digital assets belonging to the state. In particular, they should be under the control of a qualified casteodian, in multi -subscription wallets controlled by the state authorities, or through adjustable exchange products (ETP).
Thus, New Gampshire became the first state in the United States to adopt the law on his own strategic reserve in bitcoins. Unlike other US states, such as Arizona and Florida, where similar cryptoineites could not overcome the legislative barriers, the bill received bicopary support.
Earlier, Roswell, New Mexico, became the first city in the United States to create its own municipal strategic reserve in the first cryptocurrency to support socially unprotected population groups and eliminate the consequences of natural disasters.
Source: Bits
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