Utah’s Senate has approved a new Bitcoin bill, but no longer includes a plan for the State to invest in Bitcoin (BTC). Many expected Utah to be among the first states to maintain Bitcoin in their financial reserves, but that idea was eliminated from the final version of the bill.
On the other hand, the bill focuses on protecting the rights of Utah residents when cryptocurrencies are used. Ensures that people can legally storing digital assets, extract bitcoin, execute blockchain nodes and participate in the rethinking. These protections aim to support cryptography users and promote the growth of blockchain in the state.
The Senate approved the bill on March 7, and now goes to Governor Spencer Cox for final approval. If it is signed, the bill will strengthen Utah’s position as a friendly state with cryptographic, without the government that directly invests in Bitcoin.
Also read: Michael Saylor: Bitcoin could add $ 100 billion to the US economy and resolve the debt
(Tagstotranslate) Utah Bitcoin Bill (T) Cryptocurrency Law of the Utah Senate (T) Mining Rights of Bitcoin Utah (T) Blockchain Regulation