Texas to implement virtual asset seizure law linked to crime from September 1

Uk Jin

Summary

Texas announced that it will implement Bill SB1498 to strengthen virtual asset supervision starting from September 1.
The bill states that the state is granted the authority to seize virtual assets involved in crimes.
The virtual assets that are seized will be kept in a cold wallet managed by law enforcement agencies or the state prosecutor.

Texas will implement a bill to strengthen oversight of virtual assets (cryptocurrencies).

According to Wu Blockchain on the 24th (Korea time), Texas Bill SB1498 was automatically enacted into law on June 20 and will take effect on September 1. This bill authorizes the state to seize virtual assets related to certain crimes and mandates that the seized assets be stored in cold wallets managed by law enforcement agencies or the state prosecutor.

Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.

Texas to implement virtual asset seizure law linked to crime from September 1

PiCK News

US January ADP private payrolls rise by 22,000, far below expectations

"BitMine is sitting on $6.6bn in losses" criticism draws response… Tom Lee: "You’re missing the point of a DAT"

Outflows from U.S. Bitcoin ETFs intensify…assets under management fall below $100bn

[Exclusive] KakaoBank meets with global custody heavyweight…possible stablecoin partnership

Digital asset exchanges voice concerns to ruling party… “Equity regulation would weaken global competitiveness”

Trending News