Connecticut has enacted a new law prohibiting state investments in Bitcoin or any other virtual currency. Officially titled ‘An Act Concerning the Regulation of Virtual Currency and State Investments,’ HB7082 imposes a comprehensive ban on government entities at both the state and local levels from investing in crypto assets. The bill also introduces stricter regulations for cryptocurrency businesses operating within Connecticut’s jurisdiction. Notably, payment platforms handling cryptocurrencies must now verify parental consent for users under 18 years old. Additionally, the legislation mandates strict anti-money laundering (AML) compliance measures for all crypto businesses.