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Missouri bill proposes Bitcoin reserve fund for state investments - WorldNL Magazine

Summary by Cointelegraph

House Bill 1217, introduced by Representative Ben Keathley, aims to establish a Bitcoin reserve fund for Missouri and mandate crypto acceptance for state payments.

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Bitcoin Ethereum News

A Missouri bill proposes establishing a Bitcoin reserve fund for

The post A Missouri bill proposes establishing a Bitcoin reserve fund for appeared on BitcoinEthereumNews.com. House Bill 1217 would create a Bitcoin reserve fund, letting the state treasurer buy, hold, and accept Bitcoin donations. If passed, all government offices in Missouri must accept cryptocurrency for taxes, fees, and fines, with payers covering transaction fees. Bitcoin collected cannot be sold for five years. Utah has passed a similar b…

1 month ago

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Tron Weekly Journal

Missouri Bitcoin Reserve Fund: Will HB 1217 Shift State Investment Strategies?

Missouri’s House Bill 1217 proposes the creation of a Bitcoin Strategic Reserve Fund, managed by the state treasurer for long-term investment. The bill mandates Missouri government agencies to accept cryptocurrency for payments like taxes, fees, and fines, with payers covering transaction costs. Missouri’s Bitcoin bill follows Utah’s lead, as both states explore adding BTC to state reserves with other states, like Arizona and Wyoming, considerin…

1 month ago

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TheNewsCrypto - Blockchain & Cryptocurreny News Media | Crypto Guide

A Missouri Bill Proposes Establishing a Bitcoin Reserve Fund for State Investments

House Bill 1217 would create a Bitcoin reserve fund, letting the state treasurer buy, hold, and accept Bitcoin donations. If passed, all government offices in Missouri must accept cryptocurrency for taxes, fees, and fines, with payers covering transaction fees. Bitcoin collected cannot be sold for five years. Utah has passed a similar bill, and at least 16 other states, including Arizona and Wyoming, are considering cryptocurrency investments. M…

1 month ago

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crypto.news

Missouri introduces bill to establish Bitcoin reserve

Missouri is joining the trend of states embracing Bitcoin by introducing its own Bitcoin reserve bill, known as House Bill 1217. Missouri Representative Ben Keathley introduced the bill, seeking to establish a Bitcoin Strategic Reserve Fund that would allow the…

1 month ago

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BTC PEERS

Missouri Lawmaker Proposes State Bitcoin Reserve Fund

Missouri State Representative Ben Keathley has introduced House Bill 1217, which proposes the creation of a Bitcoin Strategic Reserve Fund to diversify the state's investment portfolio. The bill, filed on February 6, would allow the state treasurer to receive, invest, and hold Bitcoin under specific conditions.Today I filed HB 1217 which would authorize Missouri to hold and accept Bitcoin for state payments. This will help diversify our state’s …

1 month ago

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TokenPost

Missouri Eyes Bitcoin Reserve to Future-Proof State Finances

Missouri Representative Ben Keathley has introduced House Bill 1217, aiming to establish a Bitcoin Strategic Reserve Fund to diversify the states investment portfolio and hedge against fiat currency inflation. Filed on February 6, the bill would allow the Missouri state treasurer to receive, invest, and hold Bitcoin under specific conditions. The proposed legislation outlines a state-managed Bitcoin reserve, funded through gifts and donations fr…

1 month ago

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