North Carolina is studying legislative procedures that allow the inclusion of digital currencies such as BTC in the governor of pension and pension for the state as an investment tool.
This comes within a broader trend between the American states to explore the potential of digital assets in promoting diversification and increasing returns on public investments.
Bill No. 506, known as the Investment Update Law, was submitted by Representative Prince Jones on March 24.
This law aims to establish an independent investment body within the state treasury to assess the digital assets that can be combined into government retirement funds.
A complementary bill, No. 709, under the name of the government investment modernization law, was submitted to the Senate on March 25.
According to the legislative projects, the digital asset is defined as it includes digital and stable currencies, non -replaceable symbols (NFTS), or any electronic origin that gives financial or ownership privileges.
Unlike the laws related to digital currencies in other states, which determine a minimum market value to qualify digital investment assets, North Carolina laws do not include such restrictions.
In the event of approval, the Authority can invest up to 5% of the various pension funds of the state in digital assets.
The SEANC State Employees Association in North Carolina expressed its concerns about the potential risks of pension funds, warning against exposing retirement savings to the unstable nature of the digital currency market.
