Full text of the strategic Bitcoin reserve executive order announced: Managed by the Treasury Department, institutions must report Bitcoin transfer authority within 30 days
ChainCatcher news, according to the full text of the White House executive order, the Treasury Secretary should establish an office to manage and control a custodial account collectively referred to as "Strategic Bitcoin Reserve". The capital of this account is all BTC held by the Treasury Department. These BTCs are ultimately confiscated as part of criminal or civil asset forfeiture procedures, or confiscated to satisfy any civil fines imposed by any administrative department or agency; within 30 days from the date of issuance of this order, each agency should review its authority to transfer any government-held bitcoin into Strategic Bitcoin Reserve and submit a report reflecting the results of their review to the Treasury Secretary.
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