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After New Hampshire, a message of Bitcoin (BTC) has come from another state that has signed a principle!
While the inter-state Bitcoin reserve race continues in the US, good news has also come from Arizona.
Accordingly, the Governor of Arizona signed a bill proposing the establishment of a reserve fund for Bitcoin and cryptocurrencies.
Arizona Governor Katie Hobbs signed a bill that allows the U.S. state to hold Bitcoin and cryptocurrencies and to establish a "Bitcoin Reserve Fund" that will not use taxpayer money or state funds.
The announcement was made through a press release on the governor's official website. This move follows the actions of New Hampshire, which recently signed a law allowing state funds to invest in Bitcoin and other digital assets.
According to the accepted bill, the State of Arizona can establish a Bitcoin reserve fund by evaluating abandoned cryptocurrencies without creating a tax burden. Taxpayer money or public resources will not be used in the establishment of the Bitcoin fund.
According to the new Arizona law, if a cryptocurrency owner does not respond to messages within three years, it will be considered abandoned and then transferred to the Revenue Department.
These abandoned cryptocurrencies can be actively evaluated for earning rewards in the future through methods such as staking and airdrops. The income generated will also be transferred to Arizona's "Bitcoin and Digital Asset Reserve Fund."
As is known, after the postponement of two bills that foresee Bitcoin investments with public funds at the beginning of the week in Florida, New Hampshire has made a precedent in the US by approving a bill that allows crypto investments.