Almost exactly one year ago, the state of California told The Bitcoin Foundation to stop trading or face hefty fines. Today, Reuters is reporting that California governor Jerry Brown has passed a bill that effectively reverses the states stance on alternative currencies. The bill, dubbed AB 129, nullifies an older bill that made other currencies besides the dollar illegal. 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.
Comments are closed.
