Committee approves Banking Departments housekeeping bill adding elder- fraud holds, Bitcoin kiosk rules and litigation-finance oversight A legislative committee voted to advance LC620310S, the Georgia Department of Banking and Finances annual housekeeping substitute, which would let trained financial-institution staff place discretionary holds to block suspected elder financial exploitation, require registration and consumer disclosures for virtual-currency kiosks, and tighten annual registration and screening of litigation financiers.

Georgia's new banking bill aims to protect vulnerable adults from financial scams while introducing crucial regulations for Bitcoin kiosks and tightening oversight on litigation financiers.

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