California Governor Approves Bitcoin for Transactions
Bitcoin can be accepted and used for transactions in the US state of California as of yesterday, following the ratification of a new finance bill. Previously, only US Dollars were officially recognized, but the new bill allows for the use of other national and digital currencies. Among a raft of new legislation coming into force for 2015 in California is the bill AB129 passed by Governor Jerry Brown in mid-2014. Aimed at ending a prohibition against using any alternative to US dollars for commerce in the state, the bill recognizes and permits the use of alternate currencies for....
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California has now become "Crypto-rnia". The state's governor Jerry Brown has approved bitcoin for transactions, thus making California a sturdy haven for digital currency. The news comes following the ratification of a new finance bill originally approved in the summer of 2014. The bill's objective was to end all prohibitions on alternatives to U. S. dollars for commerce in the state. Through the bill's official ratification, alternate currencies (including bitcoin and related virtual monies) are hereby permitted for transactions at the legislative level. Prior, only USD was recognized as....
California has become the first state in the union to legally approve the use of Bitcoin. This is a welcome move, and we can only hope that, to paraphrase Jimmy Carter, laws like AB129 will have the inclination to spread. AB 129 repeals Section 107 of the California Corporations Code, which prohibited any corporation, association or individual from putting in circulation as money, anything but the lawful money of the United States. The new law, therefore, paves the way for, and pre-empts the possibility of anyone construing Section 107 as prohibiting the use of, Bitcoin in the state of....
California Governor Gavin Newsom has signed an executive order on crypto and blockchain to create a comprehensive and harmonized framework for Web3 technology to thrive. “California is a global hub of innovation, and we’re setting up the state for success with this emerging technology,” said the governor. California’s Governor Issues Executive Order on Blockchain and Crypto The governor of the U.S. state of California, Gavin Newsom, signed an executive order Wednesday to “create a transparent and consistent business environment for companies operating in....
California Governor Gavin Newsom has vetoed a bill to regulate crypto in his state. He stressed that “a more flexible approach is needed” to “keep up with rapidly evolving technology and use cases” in the crypto sector.
Bill to Regulate Crypto in California Vetoed by Governor Newsom
The governor of the U.S. state of California, Gavin Newsom, vetoed a number of bills Friday, including Assembly Bill 2269 (AB 2269) which will establish a licensing and regulatory framework for cryptocurrency.
Assembly Bill 2269, titled “Digital financial....
Governor Jerry Brown, once known, affectionately on the Left and sarcastically on the Right as “ Governor Moonbeam” demonstrated that while he seems to have moved toward a conservative bent in his later years he still has a Progressive heart. Along with a slew of other Bills, including one to repeal the requirement that food handlers wear gloves, the Governor signed into affect Assembly Bill 129, which in effect repealed the law that made it illegal to recognize any but official currency. The Bill first made clear that under Title 18, Section 474 of the U.S.C., and current California law....