Connecticut has enacted a new law that prohibits state and local governments from investing in cryptocurrencies or maintaining any form of crypto reserve.
Connecticut has become the latest U.S. state to introduce restrictions on crypto activities, with a new law prohibiting government bodies from investing in crypto or maintaining any crypto reserve.
The legislation, H.B. 7082, passed both the House and Senate unanimously and is now listed as Public Act No. 25-66.
Specifically, the act prevents state agencies from buying, selling, exchanging, or otherwise transacting in any crypto asset. It also blocks state entities from accepting crypto payments or creating reserves of virtual currencies.
The law further imposes stricter disclosure requirements on crypto businesses operating in the state. Companies involved in money transmission must now present all material risks of crypto transactions in clear, legible English.
Additionally, the law introduces protections for minors, requiring legal guardian verification for any user under the age of 18 before they can use crypto-related services.
This move by Connecticut follows a period of intense interest in crypto at both the federal and state levels.output:
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
