South Korea Permits Pension Funds to Buy Bitcoin; New Hampshire Congressman and Arizona Initiate State Bitcoin Reserves Backing

Recent developments indicate growing institutional adoption of Bitcoin at both state and national levels. In the United States, New Hampshire and Arizona have initiated steps to incorporate Bitcoin into their public-sector balance sheets, with New Hampshire’s congressman advocating for the state to purchase Bitcoin as a strategic reserve to mitigate debt concerns. Concurrently, South Korea's largest political party has finalized legislation permitting national pension funds to invest in Bitcoin. Presidential candidate Kim Moon-soo supports this move, suggesting that allowing the National Pension Service to invest in Bitcoin could enhance the cryptocurrency market's credibility and stability.