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California Governor Jerry Brown signed into law a bill making alternative currencies, including bitcoin, lawful in the state.
READ MORE: The US Marshals Service auctioned off 30,000 confiscated bitcoins.
The bill repeals the provision of the old legislation, which banned the use of "anything but the lawful money of the United States."
Authors of the amendment labeled the old regulatory regime as “stagnant” and lagging behind Californian “growing and innovative payments market.”
“This bill makes clarifying 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,” the comments to the bill read.
originally posted by: jrod
a reply to: 8090112]Sremmos80[/post]
That bitcoin is trendy now. Maybe cryptocurrency is here to stay, my guess is something much better than the bitcoin will have to take over if cryptocurrency is in our future.
To me this is just another way that California can siphon off funds from her residents.