Connecticut state has adopted a law to prohibit the State from investing in Bitcoin (BTC) or in any other virtual currency. The bill nicknamed HB7082 and officially entitled “An act concerning the regulation of virtual currency and state investments” imposed a complete prohibition for the State and local governments to invest in cryptographic assets.
The law has also introduced new strict regulations for cryptographic activities within the framework of the jurisdiction of Connecticut. In particular, the giant payment applications Cryptographic assets in Connecticut must now verify parental consent for users under the age of 18.
The bill has also stipulated that cryptographic companies must adhere to strict compliance on the whitening of the fight against money laundering (LMA).
Connecticut moves against the wave for the adoption of bitcoin
As Coinpedia reported it with separate rescue, several states in the United States have prompted to implement a Bitcoin Strategic Reserve (SBR). The states have followed a similar position of the Donald Trump administration, which intends to implement an SBR in the near future.
Earlier Tuesday, the state of Louisiana announced that it would form a committee to study artificial intelligence (AI), blockchain and cryptocurrency.
“While one in five American has a cryptocurrency … It is in the interest of Louisiana to consider the advantages and challenges of these technologies,” noted the state.
