Oklahoma and Texas advance bold Bitcoin Reserve plans – What you need to know

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The story "Oklahoma and Texas advance bold Bitcoin Reserve plans – What you need to know" was covered 17 hours ago by AMBCrypto, a news publisher based in United States.

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AMBCrypto 17h ago

Oklahoma and Texas advance bold Bitcoin Reserve plans – What you need to know - AMBCrypto

Quick Summary:

Internationally, Switzerland, Vancouver, Ohio, China, and Russia are exploring the integration of Bitcoin into their financial reserves, signaling a growing global trend.

For those unfamiliar, Oklahoma has recently passed laws protecting Bitcoin rights, allowing employees to receive Bitcoin payments and vendors to accept Bitcoin.

It further provides for “any state retirement fund” to hold digital assets in secure custody solutions, with the option of using a qualified custodian, and even permits investments through exchange-traded products (ETPs).