Catenaa, Monday, May 05, 2025-Arizona Governor Katie Hobbs has vetoed a Republican-backed bill that would have allowed state funds to invest up to 10% in digital assets like bitcoin, calling the move too risky for public retirement accounts. The legislation, passed April 26 by Arizona’s GOP-led legislature, proposed permitting the state’s treasurer and retirement systems […]

Catenaa, Thursday, March 06-Russia Finance Ministry has stated it has no immediate plans to establish a national cryptocurrency reserve but could reconsider if the country’s National Welfare Fund (NWF) reaches a liquidity level of 7-10% of GDP.  Deputy Finance Minister Vladimir Kolychev said the ministry currently deems crypto assets too volatile for inclusion in the […]

Catenaa, Monday, March 17, 2025-The Bank of Korea (BOK) confirmed Sunday it has no plans to include bitcoin in its foreign exchange reserves, citing volatility and International Monetary Fund (IMF) guidelines.  Responding to a National Assembly inquiry, the central bank said bitcoin’s price fluctuations could lead to high transaction costs when converting it into cash. […]