- Sep 8, 2015
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Had California’s AB-1326 bill, which attempted to regulate virtual currency businesses, been passed by legislature and been signed by the governor, it would have criminalized startups and any users who donate virtual currency as well as make oppressive permitting requirements standard in California for literally every use case not expressly exempted by law.
The implications of the bill polarized Bitcoin groups. Opposers of the bill claim that over-regulation stifles innovation. Supporters of the bill grasp onto the need for regulatory clarity, and claim that state regulation is inevitable.
The controversial bill, penned by Matt Dababneh, was ordered to become an inactive file at the request of Senator Mitchell on 9th September.
The implications of the bill polarized Bitcoin groups. Opposers of the bill claim that over-regulation stifles innovation. Supporters of the bill grasp onto the need for regulatory clarity, and claim that state regulation is inevitable.
The controversial bill, penned by Matt Dababneh, was ordered to become an inactive file at the request of Senator Mitchell on 9th September.
