29 Sep '15, 1pm

A victory for #bitcoin #startups everywhere! California's Bitcoin Bill GONE. #california #startup #i…

A victory for #bitcoin #startups everywhere! California's Bitcoin Bill GONE. #california #startup #i…

California's AB-1326 bill, which attempted to regulate virtual currency businesses, is no longer active, thanks to a state senator. The controversial bill , penned by Assemblyman Matt Dababneh, was ordered to become an inactive file at the request of Senator Mitchell on 9th September. According to definitions by the Californian government , the bill is now "dormant or dead" but can potentially be re-activated by its author at a later date. Colin Gallagher, chair of the Bitcoin Foundation Education Committee, commented on the bill's status : "While we should remain vigilant (the California legislature reconvenes on Jan. 4, 2016, and could attempt to take up the bill again), this is a victory we should celebrate. California should not be allowed to fall prey to the same blunders that have cast New York in a financial stone age, and we deserve the freedom to be innovators (wi...

Full article: http://www.coindesk.com/californias-bitcoin-bill-shelved-...

Tweets

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California

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