Regulation and investment of cryptocurrency.

Summary

The law directs state‑run retirement programs to add a self‑directed brokerage account that can hold at least one cryptocurrency and stops counties, cities, townships and other agencies from enacting ordinances that restrict paying with, holding, mining or otherwise using digital assets, unless the Department of Financial Institutions is involved. It also creates statewide definitions for cryptocurrency, blockchain, mining and related terms to guide future regulation.

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