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Ohio Seeks to Become Third US State with Strategic Bitcoin Reserve
On December 12th, a bill aimed at establishing a Strategic Bitcoin Reserve (SBR) in Ohio was introduced by the state’s lawmakers. The move comes as a response to growing interest in decentralized digital currencies and their potential to strengthen economies.
As reported by CoinTelegraph, this initiative is part of an effort to ensure Ohio remains a leader in innovation and technology. Under House Bill 703, the bill’s proponents believe that establishing a SBR would allow the state to benefit from the financial revolution brought about by Bitcoin and other cryptocurrencies.
In essence, Ohio lawmakers hope to take advantage of the growing market interest in decentralized digital currencies by providing for a strategic reserve of such assets within the state’s coffers. By doing so, they aim to enhance their state’s economic resilience and potential.
This endeavor represents another significant step towards establishing blockchain-friendly policies across America.
Source: bitcoinist.com
