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Connecticut bans state investments in Bitcoin and virtual currencies via HB7082

Today, Connecticut bans state investments in Bitcoin and virtual currencies by passing law HB7082, which also introduces additional requirements for money transmitters.
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AI Analysis

In the context of rising concerns over the regulation and security of virtual currencies, Connecticut's legislative move to prohibit state investments in Bitcoin and other digital currencies through l...

AI Recommendation

For investors and firms operating in Connecticut, especially those involved in digital currencies or offering related services, it is advisable to review compliance strategies to adhere to the new law...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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