💰 Gate.io Daily Topic & Post Event
➡️ #BitcoinStrategicReserveAct#
— On May 7, New Hampshire became the first U.S. state to include Bitcoin in its strategic reserves. The new HB 302 bill allows up to 5% of public funds to be invested in digital assets and precious metals with a market cap over $500B.
Will this boost Bitcoin’s price? Could it set a trend for other states or countries? Share your thoughts!
➡️ #FOMCMeeting#
— The Fed will announce its May rate decision on May 8. Despite pressure to cut, markets expect no change. How do you think this will impact the market?
✍️ Post with #Bitcoin
A Giant Move Concerning Bitcoin, Ethereum and Two Altcoins Came from a Surprise Country!
Chinese cryptocurrency journalist Wu Blockchain announced in a post that the Panama City Council has approved a proposal that paves the way for public payments to be made with Bitcoin, (BTC) and other cryptocurrencies.
The move could make Panama one of Latin America's most crypto-savvy cities and was hailed as a major step towards crypto mainstreaming.
According to Panamá District Mayor Mayer Mizrachi, the Panama City Council has approved the proposal that paves the way for crypto payments, which allows citizens to pay taxes, fees, tickets, and permits using Bitcoin (BTC), Ethereum (ETH), USDC, and USDT.
While public institutions are legally required to receive funds in USD, the city will partner with a bank to manage the crypto conversion, so there will be no need for new legislation. A partner bank will convert cryptocurrencies into U.S. dollars by complying with legal requirements without any new legislation.