California SB1208 amends money laundering laws to address digital assets.
California SB1208 updates money laundering laws to address digital assets. It allows law enforcement to seize digital assets involved in crimes, such as fraud and drug trafficking. The bill mandates that seized digital assets be returned to victims or forfeited if not claimed. It also imposes additional penalties for money laundering involving digital assets. The provisions are set to remain in effect until January 1, 2032.
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