Michigan HB4511 prohibits the state from banning or restricting the holding of digital assets and limits advocacy for central bank digital currencies.

Michigan HB4511 establishes limitations on the state's ability to restrict digital assets. The bill prohibits the state from banning the holding of digital assets, requiring permits or licenses for holding, or imposing additional taxes based solely on digital asset use. It also restricts state agencies from advocating for central bank digital currencies. The bill defines terms such as "digital asset," "blockchain," and "staking," and ensures that entities validating transactions for digital asset mining or operating nodes are not civilly liable for certain activities.

Michigan HB4511 prohibits the state from banning or restricting the holding of digital assets and limits advocacy for central bank digital currencies.

Michigan HB4511 establishes limitations on the state's ability to restrict digital assets. The bill prohibits the state from banning the holding of digital assets, requiring permits or licenses for holding, or imposing additional taxes based solely on digital asset use. It also restricts state agencies from advocating for central bank digital currencies. The bill defines terms such as "digital asset," "blockchain," and "staking," and ensures that entities validating transactions for digital asset mining or operating nodes are not civilly liable for certain activities.