The State of Connecticut has adopted a law to prohibit the state to invest in Bitcoin (BTC) or in another virtual currency. The bill called HB7082 and officially entitled “An act with regard to the regulation of virtual currency and state investments” explained an extensive prohibition on the state and local authorities to invest in crypto assets.
The law has also introduced new strict regulations for crypto activities within the jurisdiction of Connecticut. In particular, payment applications that handle crypto assets in Connecticut must further verify the consent of the parents for users under the age of 18.
The bill also stipulated that crypto companies must adhere to strict compliance anti-money laundering practices (AML).
Connecticut goes against the Golf for Bitcoin acceptance
As Coinpedia reported seriously, various states in the United States have insisted on the implementation of a Strategic Bitcoin Reserve (SBR). The States have followed a similar position by the Donald Trump government, which is planning to implement an SBR in the near future.
Earlier on Tuesday, the state of Louisiana announced that it will form a committee to study artificial intelligence (AI), blockchain and cryptocurrency.
“While one in five Americans owns cryptocurrency … it is in the interest of Louisiana to consider the benefits and challenges of these technologies,” the state noted.
Credit : coinpedia.org
