Phyrex
Phyrex|Feb 05, 2025 18:26
The Ohio Bitcoin Reserve Act, proposed by Senator O'Brien from the 136th Ohio State Legislature, is a proposal B. Act No. 57. 1. Authorize the Ohio government to invest in BTC. 2. Require state government agencies to accept cryptocurrency payments. 3. Name the bill the Ohio BTC Reserve Act. The Finance Minister of Ohio can use the state's temporary funds and funds deposited into the Ohio Bitcoin Reserve Fund to invest in BTC. The state finance minister must hold the BTC purchased through this provision for at least five years (calculated from the date the Bitcoin enters state government custody). After the five-year holding period, the state finance minister may transfer, sell, dispose of appropriately, or exchange BTC for another cryptocurrency. To be honest, Ohio needs to lock in BTC for five years after buying it. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex
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