[North Carolina Bitcoin Reserve Bill Passes First Reading] According to Bitcoin Magazine, North Carolina, USA, has officially introduced Bill No. 327, the 'North Carolina Bitcoin Reserve and Investment Act.' The bill, initiated by Senators Johnson and Overcash, passed its first reading on March 19. The bill proposes authorizing the State Treasurer to allocate up to 10% of public funds into Bitcoin as part of the state's long-term financial strategy. It also permits regulated yield-generating activities such as staking and lending, requires Bitcoin to be stored in multi-signature cold wallets, establishes a dedicated custodial department within the state, forms a Bitcoin Economic Advisory Committee for guidance, and mandates monthly audits.