South Dakota Likely To Lead Nation With First Bitcoin Reserve, Says State Rep
South Dakota Representative Logan Manhart declared on February 4 that his state may soon become the first in the nation to pass a strategic Bitcoin reserve (SBR) bill, citing South Dakota’s notably short legislative session and an imminent deadline in mid-March. “South Dakota has one of the shortest legislative sessions in the country. It is […]
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A city in the U.S. state of North Dakota has begun accepting cryptocurrencies for utility bill payments. The city’s finance director says, “We are the first municipality in the state of North Dakota, and the third in the nation, to offer this service.” City Government Accepts Crypto Payments The city of Williston in the U.S. state of North Dakota announced Thursday that “it now accepts digital cryptocurrency payments for utility bills.” The city’s finance director, Hercules Cummings, explained that Williston has partnered with Bitpay to accept....
North Dakota officials are luring in crypto mining companies to set up in the state. With $3B already invested, and with $3B said to be on the way, they're doing well so far. North Dakota government officials rocked up to the Bitcoin 2022 conference in Miami to lure cryptocurrency miners into their greener pastures. They came with the promise of the “cleanest crypto on the planet.” The North Dakota Commerce Department dropped $35,000 on the trip, saying it expected a return of 20,000% or more from its presence at the conference. The department announced that the state has already secured....
With the nation state game theory playing out in front of us, it is interesting to speculate on who may be next.
Legislators in North Dakota are quietly – but quickly – advancing a measure to study how the state should approach regulating digital currencies like bitcoin. Public records show that at the end of last year, the North Dakota Senate’s Industry, Business and Labor Committee put forward Bill 2100, which included language for a report on the feasibility of regulating bitcoin. The bill was introduced at the request of the state’s Department of Financial Institutions, the chief finance regulator for the state. The measure was passed unanimously in the Senate on 12th January with 46 votes. The....
One more nation, South Africa, is making the first step of migration to a fully digital economy, speaking about offering their own national digital currency based on blockchain technology. South Africa Looks to Digital Currency. There are many advantages to nation-states, both stated and unspoken, to head in the direction of a national digital currency. The chief executive of the South African Reserve Bank (SARB) said that this would include more inclusion and economic reach, faster settlements and lower costs. “If we go the route of issuing a digital currency, the objective would be to....