30 Jun '14, 6am

California legalizes the use of Bitcoin and other digital currencies via @thenextweb

There’s more good news for Bitcoin after California Governor Jerry Brown signed into law a bill known as AB 129 under ‘Lawful Money’ that basically legalizes the use of Bitcoin and other digital currencies in the state. The bill makes changes to current law to “ensure that various forms of alternative currency such as digital currency, points, coupons or other objects of monetary value do not violate the law when those methods are used for the purchase of goods and services or the transmission of payments.” However, as Coindesk notes , the bill does not introduce regulations for Bitcoin, which may fall to other government departments to do so. Bitcoin may have suffered a severe battering this year — think Mt. Gox’s downfall and government crackdowns, the most recent one being China, where two national banks and Tenpay banned cryptocurrencies – but recently, things seem to ...

Full article: http://thenextweb.com/us/2014/06/30/california-legalizes-...

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California legalizes the use of Bitcoin and oth...

thenextweb.com 30 Jun '14, 6am

There’s more good news for Bitcoin after California Governor Jerry Brown signed into law a bill known as AB 129 under ‘Law...

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