Bitcoin Ban in Marijuana Industry Considered By Washington State Senate

Bitcoin Ban in Marijuana Industry Considered By Washington State Senate

Ann Rivers, a Washington State senator, introduced a bill last week to ban the use of Bitcoin in purchasing or selling marijuana-related products. Rivers claims that Bitcoin isn’t transparent enough to be used as the underlying currency of the marijuana industry. She noted in the bill that Bitcoin does not have an actual value recognized by the US government. The bill reads: “‘Virtual currency’ does not include the software or protocols governing the transfer of the digital representation of value or other uses of virtual distributed ledger systems to verify ownership or authenticity in a....


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