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Connecticut's House Bill 7082 mandates crypto businesses to verify parental consent for any minor (under 18) using money-sharing applications
Crypto businesses engaged in money transmission in Connecticut must, under House Bill 7082, provide detailed disclosures about transaction risks and prominently display warnings about irreversible transaction losses due to fraud or errors
Connecticut’s House Bill 7082 restricts crypto businesses from using or engaging third-party entities for custody or control of virtual currency unless those entities are licensed or explicitly approved by the banking commissioner
Crypto businesses are required, under House Bill 7082, to issue specific transaction receipts detailing fees, commissions, and market price discrepancies
Connecticut’s House Bill 7082 explicitly prohibits state and local governments from establishing crypto asset reserves and disallows any acceptance of cryptocurrency as payment by government entities

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Connecticut bans state investment in crypto is this a strategic retreat or historic mistake?

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