👨🏽‍⚖️ Bitcoin and blockchain crime bills clear the Michigan House

On April 9, The Michigan House approved House Bill 4103, bipartisan legilsation that would write Bitcoin and blockchain technologies into existing state laws against racketeering and financial crime, The Detroit Times reports. Lawmakers supporting the bill describe it as consumer protection plan that would update Michigan laws to apply to advanced technologies. The six-part legislation package does not create new penalities for blockchain-related crimes, but gives prosecutors additional tools for cases that involve cryptocurrencies.

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