United States: San Francisco cops invest their funds in BTC

Last April, the Association of Deputy Sheriffs of the city of San Francisco, an organization that is responsible for identifying the needs of the police community, protecting the rights and benefits of officers and improving the working conditions of officers, announced that it would add bitcoins to your annual investment portfolio. On this, they indicated that it was approved to incorporate bitcoins due to the upward trend that it has been having in recent years.

According to Criptonoticias, the choice of investment in cryptocurrencies was put to a vote among the directors, of which ten were in favor of the investment and five against the decision.

Likewise, it was announced that the Association's non-profit charity will also accept bitcoins, dogecoin and other cryptocurrencies, a measure that seeks to attract the attention of bitcoin entrepreneurs such as Twitter CEO Jack Dorsey, so that they can donate. crypto assets to the charity. 

On the other hand, it should be noted that the Association is not the first in the police field to invest in bitcoins and other cryptocurrencies. Indeed, the first to invest, according to Anthony Pompliano, a renowned promoter of bitcoins, was the Fairfax County Police Pension Fund.

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Andrea Norabuena
Lawyer from the Pontifical Catholic University of Peru (PUCP). I am interested in topics related to consumer protection, intellectual property, competition law and personal data protection.

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