Prohibits certain public officials and their families from engaging in unlawful virtual currency business activities.

The Public Official Virtual Currency Regulation Act amends the public officers law to prohibit certain public officials and their families from engaging in unlawful virtual currency business activities. This includes activities such as transferring, storing, buying, selling, or controlling virtual currency. Penalties for violations include civil penalties of up to $5,000 per day, or $50,000 per day if the violation is willful or knowing. The act takes effect 90 days after becoming law.

Prohibits certain public officials and their families from engaging in unlawful virtual currency business activities.

The Public Official Virtual Currency Regulation Act amends the public officers law to prohibit certain public officials and their families from engaging in unlawful virtual currency business activities. This includes activities such as transferring, storing, buying, selling, or controlling virtual currency. Penalties for violations include civil penalties of up to $5,000 per day, or $50,000 per day if the violation is willful or knowing. The act takes effect 90 days after becoming law.