Tech Interest Groups At Odds Over California Bitcoin Regulation
A bitcoin industry think tank continues to be at odds with digital advocacy groups over their stance on pending legislation in California that seeks to regulate digital currencies. On Friday, Coin Center executive director Jerry Brito sought to distance his organization from the Electronic Frontier Foundation (EFF) and Copia Institute, which are opposing the law, AB-1326, on the grounds that it will harm innovation in current form. The bill, introduced in February, most recently passed the Senate Transportation and Housing Committee in July. The EFF and Copia first made their opposition....
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While members of the bitcoin and blockchain industry have been vocal in their praise for proposed regulation in California, more broadly focused digital advocacy groups are taking a surprisingly critical stance. In the latest bill analysis on AB-1326, filed on 13th July, the Electronic Frontier Foundation (EFF) and Copia Institute entered opposition arguments, a position that places them at odds with bitcoin advocacy firm Coin Center, which has called the newest version "vastly better" in interviews and published materials. The EFF's response, portions of which are now public via the....
Chamber of Digital Commerce to host webinar on cryptocurrency regulation. In a recent prediction, Bitcoin venture capitalist Marc Andreessen said that the year 2015 would see greater adoption of cryptocurrency around the world. He saw that happening in response to consumer education and innovation. One of the issues that will also come into sharp focus this year is regulation. Today Friday March 20th, 1:00PM to 2:00PM (Eastern Time), the Chamber of Digital Commerce is organizing a webinar that will bring together players in the cryptocurrency community and other interested groups together....
A group of bitcoin businesses have drafted a letter to members of California's Senate Banking and Financial Institutions Committee following the state's most recent update of its proposed regulation for bitcoin and digital currencies. Signed by BitGo, Bitnet, Blockstream, Chain, Gem, Mirror and Xapo, the letter praises the Senate for its most recent changes to AB 1326, particularly its elimination of certain redundant licensing and modification of its definition of "virtual currency business". Perhaps most notably, however, the startups called on California to go a step further before the....
Digital currency enthusiasts have been openly voicing out their concerns regarding the bitcoin regulation bill in the state of California. According to the Electronic Frontier Foundation (EFF), the bill is premature and technically inaccurate. "Virtual currencies are still developing, and this bill threatens to both stunt the growth of this innovative industry and hamper the enthusiasm driving consumer interest. Also, privacy and free speech are central issues in the virtual currency space, which the bill fails to adequately consider," the EFF's filing indicated. California Bitcoin....
Following New York's BitLicense implementation a few months back, California is now drafting up its own bitcoin regulation as well. Not surprisingly, this drew plenty of opposition among cryptocurrency enthusiasts in the state. Interestingly enough, there is also a split among those criticizing California's bitcoin regulation. Last week, Coin Center executive director Jerry Brito tried to distance his organization from the Electronic Frontier Foundation (EFF) and the Copia Institute. California Bitcoin Regulation Debate. Back when the draft of AB-1326 was filed in the Senate Committee on....