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Connecticut has made a significant move in the realm of digital assets, as it has prohibited its state agencies from investing in cryptocurrencies like Bitcoin and other digital assets. This sweeping decision comes amid mounting concerns about the volatility and complexity associated with these investments.
The bill signed into law by Governor Ned Lamont on June 30 does not only prohibit state entities from purchasing or holding crypto, but also necessitates strict disclosure requirements for companies involved in virtual currency transmission within the state.
Source: cryptoslate.com
